The $DOGS meme coin recently experienced a significant 39% drop, which has been attributed to sell pressure, particularly from large amounts of tokens flooding the market. Despite high trading volume, the price didn't meet expectations, and concerns are growing as Telegram wallets are still holding onto more tokens, possibly due to the ongoing price slump. As a result, Telegram seems to be adjusting its timelines in response to the market downturn. The next few days are critical for $DOGS, with the possibility of further declines unless it can stabilize above $0.001.
The $DOGS meme coin recently experienced a significant 39% drop, which has been attributed to sell pressure, particularly from large amounts of tokens flooding the market. Despite high trading volume, the price didn't meet expectations, and concerns are growing as Telegram wallets are still holding onto more tokens, possibly due to the ongoing price slump. As a result, Telegram seems to be adjusting its timelines in response to the market downturn. The next few days are critical for $DOGS, with the possibility of further declines unless it can stabilize above $0.001.