**News Flash: DOGS Token Fetches Record, But Beware the Bite! ๐Ÿ•

- The DOGS token on The Open Network (TON) has set tails wagging with 17 million users claiming its airdrop, making it the largest token generation event in crypto history.

- With 4.5 million unique wallets holding DOGS, itโ€™s now one of the most widely held tokens, trailing only behind Tether (USDT) on Tron and Ethereum.

- Gracy Chen, CEO of Bitget, praises the milestone but warns that the ease of access via Telegram could be a double-edged sword.

- Chen suggests that while onboarding new users is great, the projectโ€™s long-term success hinges on converting these users into true crypto enthusiasts.

- Meanwhile, top 10 memecoins have seen a 63% drop in value over the past year, with some like Shiba Inu (SHIB) and Dogwifhat (WIF) plummeting over 70%.

Stay pawsitive, but tread carefully!