Key Points
- Dogs (DOGS) started trading today on CEXs including Binance, Bybit, OKX, LBank, and Bitget.
- DOGS’ launch price was $0.001845.
Dogs (DOGS) TON memecoin born within the Telegram community was listed today on CEXs and on-chain. The token is listed on the following CEXs:
- Binance
- Bybit
- OKX
- LBank
- Bitget
Earlier today, the Dogs Community shared a post via X announcing that on-chain withdrawals were open and users could head over to the app and claim their tokens on-chain.
DOGS trading kicked off on CEXs and on-chain at 12 pm (UTC) today.
Earlier, Telegram Wallet stated that the release of DOGS caused a few crypto exchanges and some Wallet functions are running less smoothly than usual, and the Wallet’s exchange function is currently unavailable.
Bybit said that due to a surge in user activity, its app was interrupted for some time, but it has since resumed.
DOGS’ Launch Surrounded by Uncertainty
The token’s launch today was surrounded by uncertainty triggered by Telegram CEO Pavel Durrov’s arrest, but the team had announced on Sunday that the project would continue with the price listing on Monday, no matter what.
The Dogs Community shared a post via X, saying that they stand with Durov, privacy, and truth.
Telegram founder and CEO, Pavel Durov was detained in France over the weekend, triggering increased support from the crypto community and more.
DOGS Tokenomics
The launch price for DOGS was $0.001845. The current market cap is around $621 million. The trading volume since launch is $700 million.
- The coin’s total supply is 550 billion DOGS.
- The circulating supply is 516.75 billion DOGS, representing 93.95% of the total token supply.
- The coin’s fully diluted market cap is $683.33 million.
What is Dogs (DOGS)?
DOGS is a TON memecoin that was created within the Telegram community. DOGS is built to leverage Telegram’s user base and the native meme culture.
The token is reportedly centered around a beloved dog mascot that was created by Telegram’s founder, Pavel Durov.
DOGS aims to introduce millions of people to blockchain technology via the app and tokenized stickers while fostering a fun and engaging ecosystem with a focus on community ownership and fair rewards distribution.
The initial distribution was based on the following:
- Telegram account age
- Wallet reputation
- Other criteria that verify users
The team behind DOGS also listed the project’s key principles via a post on X:
- The community owns most tokens
- There will never be a new supply of tokens
- The project has Telegram-native utility
