The launch of the DOGS meme coin on August 26, 2024, significantly impacted several major crypto exchanges and the Telegram Wallet. As millions of users began claiming their DOGS tokens, services on platforms like Binance and Bybit slowed down, with Telegram Wallet also experiencing disruptions. The wallet's exchange feature was temporarily unavailable, though efforts to restore normal operations were quickly underway.

Binance had listed DOGS for trading and added it to their Launchpool as the 57th project. However, unforeseen issues during a TON network upgrade led to delays, causing Binance to suspend deposits and withdrawals for TON, which negatively affected its price. DOGS itself saw a sharp decline, trading around $0.001182, down 32% from its debut, while TON dropped to $5.57, marking a 3% decrease in the last 24 hours.