DOGS (DOGS), the most hyped meme cryptocurrency on the TON blockchain, was airdropped to Telegram users and listed on CEXes 24 hours ago. What has it achieved so far?

DOGS (DOGS), a meme coin on the TON network, celebrated its airdrop and debut on centralized crypto exchanges 24 hours ago.

A new meme coin on the TON blockchain, called DOGS (DOGS), was airdropped to Telegram users and listed on centralized crypto exchanges 24 hours ago. During this time, it managed to achieve the following milestones:

- Reached $2,500,000,000 in trading volume, becoming the seventh most traded cryptocurrency.

- Attained a peak market capitalization of almost $900 million, surpassing veteran cryptocurrencies Flow (FLOW) and BitTorrent (BTT), as well as another TON-based sensation, Notcoin (NOT).

- Entered the top 100 cryptocurrencies by market capitalization, despite launching with technical issues and facing numerous scam copycats.

- Became the ninth largest meme coin, pushing Cat in a Dogs World (MEW) out of the top 10 meme coins.

DOGS was airdropped to Telegram users with no requirement for any activity, unlike trending "tap-to-earn" coins like HMSTR, which required users to perform specific actions to be eligible for the airdrop. Instead, Telegram users were able to claim the airdrop simply based on the number of days they had been using the Telegram messenger. This airdrop method led to high demand, causing the TON blockchain and some applications (Wallet, Tonkeeper) to experience degraded performance during the airdrop.

DOGS was simultaneously listed by several top CEXes, including Binance, OKX, Gate.io, Bitget and Bybit. Shortly after the listing, its price lost 25% and stabilized at around $0.0012 per coin. According to estimations, the average airdrop, if claimed properly and sold immediately, brought its farmer $5-$15, based on current prices. However, despite the mixed signals from a community disappointed by tech issues, the token managed to make it into the top 100 by market cap. As of press time, DOGS is the 96th largest crypto with a $630 million market capitalization.

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