The meme coin DOGS (Black and White Dogs) officially listed on Binance, OKX, and other major cryptocurrency exchanges last night (26th), triggering massive trading volumes that temporarily overwhelmed platform networks.
DOGS Price Volatility Post-Listing
After two previous delays, the Telegram-based meme coin project DOGS commenced its airdrop and simultaneously listed on Binance, OKX, and Bybit at 8 PM (UTC).
Key metrics:
- Peak price: $0.0018 (briefly on Binance)
- Current price: $0.001234
- 24-hour trading volume: $1.4 billion
- Market cap: $630 million (down from initial $600M+)
Significant Gap from Pre-Listing Prices
$DOGS had been available for pre-listing trading for weeks:
- August 16 high: $0.011962 (OKX data)
- August 21 rebound: $0.0039
The substantial price difference likely stems from the massive official airdrops and exchange promotional campaigns.
Network Congestion Issues
The Telegram-integrated distribution model caused unprecedented demand:
- Binance: Website access issues due to traffic surge (mostly resolved within hours)
- Bybit: Temporary platform outage
- Telegram Wallet: Suspended transactions/P2P functions (TON network deposits still processing delays)
What Is DOGS?
This meme coin draws inspiration from Telegram founder Pavel Durov's community-designed mascot Spotty – originally created for a charity auction supporting orphanages. The project positions itself as Telegram's most culturally native meme coin, aiming to blend Spotty's legacy with crypto culture through community-driven engagement.
FAQ Section
How can I claim DOGS tokens?
Simply connect your Telegram account to participating exchanges or wallets during the claim period.
Why did the price drop after listing?
Market correction following initial hype, combined with increased token circulation from airdrops.
Is DOGS available on decentralized exchanges?
Currently only on centralized exchanges (CEXs) like Binance and OKX, but DEX listings may follow.
What's special about DOGS compared to other meme coins?
Its native integration with Telegram's massive user base provides unique viral growth potential.
When will trading fully stabilize?
Network congestion is easing, but expect volatility as the market absorbs the new token supply.
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