DOGS Meme Coin Drops 25% Shortly After Being Listed on Major Crypto Exchanges
The crypto market recently experienced significant turbulence with the launch of DOGS, a new meme coin originating from Telegram. Shortly after its listing on major exchanges like Binance, OKX, and Bybit, DOGS saw a sharp 25% decline in value.
Reactions among those who received the DOGS airdrop were mixed; some celebrated their gains, while others were disappointed with the coin's initial listing price.
Despite the initial sell-off typical during a token generation event (TGE), which contributed to DOGS' rapid price drop, the coin still boasts a substantial market capitalization exceeding $614 million. As a result, DOGS has secured a spot among the top 100 cryptocurrencies by market cap.
In its debut, DOGS saw a trading volume exceeding $631 million, ranking it 15th among all cryptocurrencies, reflecting the strong interest and activity from investors and traders in this new meme coin.
