$DOGS Meme Coin: Hype vs. Reality

The launch of DOGS on the Ton Blockchain was met with high expectations, with many predicting a price of $0.01 due to the buzz surrounding the coin. However, reality quickly set in as DOGS debuted at a strong $700 million market cap, only to see its price plummet to $0.001.

The sharp decline is largely attributed to the massive supply of 550 billion DOGS, with 516 billion released into the market, causing significant selling pressure from airdrop recipients. Despite the initial excitement, the coin's performance highlights the inherent risks and volatility of meme coins, serving as a cautionary tale for investors.

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