DOGS is at a pivotal moment as the price hovers near the important support level of $0.001 as the ecosystem prepares for the important Token Generation Event on August 26, when 502.48 billion special tokens will be released into the market.

DOGS, a community-focused cryptocurrency built on the TON Blockchain, seeks to tap into Telegram's vast user base and vibrant meme culture.

The token has recently attracted investors with its dynamic price movements amid market volatility in August. The upcoming token unlock of billions of DOGS poses a real risk of a significant price correction.

#DOGS Prepare for a Major Support Test as 502.48 Billion Tokens Are About to Be Released

Appearing as a quirky meme coin with an adorable dog mascot, originally conceived by the founder of Telegram, DOGS aims to bring blockchain technology to the masses through engaging, fun experiences, including tokenized stickers.

The token has recently attracted significant attention from similar projects, thanks to its listing on the Gate.io cryptocurrency exchange and participation in Binance’s 57th launch cohort.

On August 26, DOGS holders will experience a significant Token Generation Event (TGE), during which 502.48 billion DOGS tokens, representing 91.4% of the total supply, will be released.

The majority of these tokens, 400.02 billion DOGS (72.7%), are reserved for community airdrops, reflecting the project’s commitment to community ownership and potentially driving greater user engagement and token flow within the ecosystem.

The remaining tokens are allocated as follows: 50.49 billion DOGS (9.18%) for marketing, 29.89 billion tokens (5.45%) for liquidity, 29.48 billion DOGS (5.36%) for the team, 22 billion tokens (4%) for Binance Launchpool, and 17.9 billion tokens (3.27%) for advisory purposes.

Unlock events of this magnitude often flood the market with new supply, which can cause a significant drop in the asset’s value. While community airdrops can lead to significant market dilution, gradually handing over ownership of tokens to the team and advisors ensures that additional supply is released into circulation over time in a controlled manner.

DYOR! #Write2Win #Write&Earn