DOGS Trading Launch Caused Crypto Exchange Outages
DOGS trading began today on Binance, Bybit, OKX, LBank, and Bitget.
Launch price for DOGS was $0.001845.
The Telegram-born Dogs (DOGS) TON memecoin got listed on CEXs and on-chain today. The following CEXs list the token:
The Dogs Community announced on-chain withdrawals via X earlier today, allowing users to collect their tokens on the app.
After DOGS was released, Telegram Wallet reported that various crypto exchanges and Wallet operations were functioning less smoothly than normal, and the exchange function is presently inaccessible.
Bybit claimed their app was temporarily suspended owing to high user activity but has subsequently resumed.
DOGS Launch Uncertain
Telegram CEO Pavel Durrov's arrest threw the token's debut today into doubt, but the team confirmed on Sunday that the price listing will happen on Monday anyway.
The Dogs Community posted on X supporting Durov, privacy, and truth.
Over the weekend, Telegram founder and CEO Pavel Durov was imprisoned in France, sparking crypto community solidarity and more.
DOGS Tokenomics
Launch price for DOGS was $0.001845. About $621 million is the market cap. The trading volume since debut is $700 million.
Total coin supply is 550 billion DOGS.
Circulating DOGS are 516.75 billion, 93.95% of the token supply.
Full diluted coin market cap is $683.33 million.
Dogs—what are they?
Telegram users developed DOGS, a TON memecoin. DOGS leverages Telegram users and local meme culture.
Pavel Durov, Telegram's creator, devised the token's dog mascot.
DOGS uses the app and tokenized stickers to teach millions of people to blockchain technology in a fun and engaging environment focused on community ownership and fair incentives.
Initial distribution was based on:
Age of Telegram account Wallet reputation
Other user verification criterion
In an X post, DOGS' team outlined their core values:
The community owns most tokens.
There will never be more tokens.
Project has Telegram-native uses
#DOGSONBINANCE #BNBChainMemecoins #DOGS $DOGS
