$DOGS Airdrop Disrupts Telegram Wallet and Exchange Services

The highly anticipated DOGS token, inspired by Telegram founder Pavel Durov’s mascot, Spotty, officially listed on August 26, 2024. Despite initial challenges, the token has shown resilience in holding its price post-listing.

🤑 DOGS Holding Its Price

Since its debut, DOGS has demonstrated stability, with its price fluctuating between $0.0011 and $0.0013. Despite the volatile nature of the crypto market, DOGS has managed to maintain this range, indicating potential investor confidence in the project.

Pavel Durov's Influence and Price Speculation

There’s growing speculation among the community that once Telegram founder Pavel Durov is released from his current detainment in France, the token could see significant gains. Some analysts predict a possible 2x-3x price surge from the current levels, especially given the strong community backing and the token's association with Durov.

Overloaded Systems and Service Disruptions

The DOGS airdrop, which distributed around 440 billion tokens to participants, caused significant disruptions across various platforms. The sheer volume of activity—driven by over 10 million DOGS users engaging in swaps and on-chain transactions—overloaded Telegram Wallet’s storage solution, prompting the platform to notify the community about the issue.

Crypto exchanges like Bybit reported service interruptions during the distribution, while Binance faced upgrade difficulties in the hours leading up to the airdrop. Although these issues were resolved relatively quickly on most platforms, Telegram Wallet is still working to restore full functionality at the time of this writing.

The TON Ecosystem and Future

DOGS operates within The Open Network (TON) ecosystem, which has seen significant interest from the crypto community. The TON blockchain, originally conceived by Pavel Durov and his team, continues to evolve, with DOGS being one of the latest projects to capture attention.#DOGSONBINANCE #BlumCrypto #TelegramCEO