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The DOGS coin, a meme coin associated with the Telegram platform, has experienced notable price fluctuations over the past few days. On August 26, 2024, DOGS began trading on major centralized exchanges such as Binance, Bybit, and OKX, achieving a market value exceeding $600 million in the first 10 hours of trading. However, its price dropped by approximately 30% after one day of trading, with losses continuing in the following hours.
As of February 25, 2025, DOGS recorded its lowest price at $0.0001394. On March 2, 2025, DOGS was trading at $0.0001459, with a 15.3% increase over the previous 24 hours.
This volatility is attributed to several factors, including external influences such as the arrest of Telegram CEO Pavel Durov, which negatively impacted both DOGS and the TON currency.
Additionally, some sources predicted a potential increase for DOGS by over 200% by October 2024, with expectations of reaching a price of $0.003354. However, it should be noted that these predictions did not materialize, as the price has significantly decreased since then.
Overall, these fluctuations reflect the volatile nature of the cryptocurrency market, necessitating investors to exercise caution and closely monitor developments.