DOGS Price Skyrockets by 92% as Telegram Meme Token Frenzy Continues

The Telegram-based meme token DOGS has seen an astonishing 92% price gain in the past 24 hours, reaching a daily trading volume of $105M against a market cap of around $33M. This rapid growth is largely attributed to the token's connection to the Toncoin (TON) blockchain and its historical reliance on retail buyers during periods of TON ecosystem interest.

DOGS was launched in mid-2024 as part of a tap-to-earn campaign within Telegram, following a similar model to Notcoin (NOT), which distributed tokens to millions of users at launch. The token's tight supply distribution and native reach on the Telegram platform have historically drawn retail buyers.

The current price surge is partly due to Toncoin itself trending upward in May 2026, drawing smaller tokens like DOGS along with it. However, experts caution that this move may be short-lived, as tokens without underlying utility or staking mechanisms tend to revert sharply once momentum fades.