DOGS/USDT: From $700M to Collapse

DOGS, a meme coin paired with USDT, skyrocketed to a $700M market cap in 2024, driven by viral marketing, major exchange listings, and a vibrant community. Promising pet-related utilities like NFT marketplaces, it thrived in the meme coin craze.

The Crash

By early 2025, DOGS’ market cap crashed below $100M due to:

Market Downturn: A $440M crypto market selloff amid economic fears hit speculative altcoins hard.

Project Delays: Missed roadmap goals, like a pet adoption platform, eroded trust.

Exchange Woes: Leveraged trading liquidations triggered a selling spiral.

Fading Hype: Newer tokens stole the spotlight, weakening community support.

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