Here are the most recent project listed on binance that people received as free airdrop most of them had a first spike up and then continues to bleed down.

Now i am not saying $DOGS will do the same but i do think it's always good to give a token some time to build a base price before you blindly buy it just because there is so much hype behind it.

Dogs was shared with 44 million participants. There are many people who may take their money out or some may want to take it out at high price.

I added Pepe chart as an I example what I meant by setting up a base price.