DOGS Airdrop Distributed 40 Billion Tokens In 48 Hrs: Price To Surge?

Telegram, a popular social media platform, has become the creator of some of the most famous cryptocurrencies. With an active user base of 950 million, this collaboration of users and network has launched some of the most popular tokens in the market, including Notcoin, Hmaster Kombat, and even DOGS. What’s more significant is that the newly launched token hype drove the DOGS airdrop, distributing 40 billion tokens in just 48 hours, setting quite a milestone.

DOGS Airdrop Distributed 40 Billion Among 2.5 Million Users

DOGS, a popular TON based token, has been recently launched on multiple crypto exchanges and has become an instant hit. Based on Spotty, a dog character, the team has dropped another 40 Billion tokens after its earlier distribution of  2.75 billion DOGS to the Notcoin holders.

Again, the team has allocated another airdrop for the ones who did not receive their tokens on On-Chain. This Monday, 2.5 Million users received 40 Billion DOGS tokens within two days. The team took the Telegram platform to reveal this news, claiming every user would receive their tokens.

However, there were some issues with the users who did not wish to receive the DOGS airdrop through Centralized exchange. The ones who preferred the TON wallet faced significant delays in claiming the drop, affecting their overall experience.

DOGS Price Surged 8% In 24 Hours

At the previous DOGS airdrop, the token price saw a significant boost at starting before following a downtrend. As per Coingape’s previous reposts, DOGS price rebounded by 3%, trading at $0.00133 with a market cap of $672 million on August 31. However, that did not last long as the token followed a downtrend due to rising liquidity, losing more than 25% of its value in the week.

But again, with this airdrop, the DOGS price has surged more than 8% in the last 24 hours, currently at $0.001088. The same is true with the market cap, which has increased to $563,480,618. This surge comes after the increase in network activity, pushing the trading volume by 23% to $482,121,109.

Despite that, DOGS is suffering on the charts as it has moved 34% from its all-time high of $0.001644, set eight days ago. The push to this ATH comes after Binance listed DOGS as the 57th launch pool, which blew its price by more than 124%. However, with the presence of sellers and increasing liquidity, users might witness another decline in the DOGS price.

In contrast, the DOGS price prediction indicated the possibility of an uptrend, if the token price moves up toward the first resistance at 0.00018681.

Final Thoughts

After the success of the 40 Billion DOGS airdrop, the tokens have witnessed an 8% surge in their price in the last 24 hours. The same is true with its trading volume and market cap, which has seen quite a boost with the increased user interest. However, a decline might happen with the DOGS price based on its last airdrop activities, where 2.75 billion tokens are distributed among Notcoin users. Not only docs but many other meme coins are turning profitable, where a crypto trader made ten million with $1.2K after the token surged 400K%, indicating these tokens’ dominance.

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Pooja Khardia

With years of love for reading and 5 years of content writing experience, I’m here, working on my favorite writings about cryptocurrency. I’m actively looking for trending topics and informational statistics to curate the best content pieces for crypto enthusiasts. Staying updated with trends and learning the basis and advancements of this field is the best part of the day.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.