The $DOGS token experienced a remarkable 130% price surge on Binance, fueled by intense on-chain activity following a major token unlock on the Telegram Open Network (TON). Just hours after its debut on Binance Launchpool, the DOGS/USDT pair reached $0.0012554, drawing strong investor interest despite network challenges.
Price Surge and Network Strain
The listing triggered a massive spike in on-chain activity, with the DOGS community processing requests at a rate of 150,000 per minute. This surge caused temporary service disruptions across platforms like Telegram Wallet and Bybit, though operations have since stabilized.
Correction and Ongoing Challenges
Following the initial surge, $DOGS saw a 29.11% price correction on other platforms. Binance also reported delays in the TON network upgrade, temporarily halting TON token deposits and withdrawals, but assured users that normal service would resume soon.
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