DOGS Token Surges 92% Amid Strong Demand
The Telegram-based meme token DOGS has seen a significant price gain of 92% in the last 24 hours, with trading volume reaching $105M against a market cap of roughly $33M.
This intense speculative activity reflects the token's tight supply distribution and its native reach on the Toncoin (TON) blockchain, which has historically drawn retail buyers during periods of broader TON ecosystem interest.
DOGS launched in mid-2024 as a tap-to-earn campaign inside Telegram, where players accumulated points that later converted to token allocations at launch. The format borrowed heavily from the Notcoin playbook, and DOGS attracted tens of millions of participants before its token generation event.
The TON blockchain saw accelerating developer and user activity through the second half of 2024 after Telegram integrated TON-based mini apps directly into its platform, giving TON-native tokens a direct distribution channel to Telegram's roughly 900 million monthly active users.
DOGS remains dependent on TON ecosystem sentiment for sustained moves, with a pullback in Toncoin likely hitting the smaller token harder due to its limited liquidity base.