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#TRUMP# Recently, a piece of eye-catching news has sparked heated discussions in the Chain Community: the TON Foundation officially announced that TON will become the exclusive Blockchain of the Telegram ecosystem. This news inevitably brings to mind a unique project within the TON ecosystem: DOGS.
The DOGS project is not only attracting attention for setting the record for the largest airdrop in history in 2024, but also for its special role in the TON ecosystem, which is worth noting. However, currently DOGS seems to be in a 'blind spot' of market attention.
Looking at the recent price trend of DOGS, it shows an unusually calm state. In the past month, DOGS has only risen by 0.6%, significantly lagging behind other mainstream meme coins like DOGE (+16.2%), SHIB (+2.2%), and PEPE (+1.5%). This 'quietness' may actually signal potential opportunities.
Looking back at the development of DOGS, it quickly rose to a market capitalization peak of $730 million shortly after its launch, and then underwent several months of adjustment, with the market value retracting nearly 90% at one point. However, unlike many 'flash-in-the-pan' projects, DOGS is accumulating new development momentum after going through a period of consolidation.
Currently, the price of DOGS is consolidating above the key support level of $0.000126. It is worth noting that despite the lackluster price performance, the number of active wallets on the DOGS Blockchain continues to grow, with an addition of 50,000 addresses in just one week. This phenomenon indicates that although market sentiment has cooled, the user base and community vitality are still strengthening, and the fundamental structure of the project remains robust.
The special status of the DOGS project raises an interesting thought: in the current market environment, does the true value and potential of a project only manifest in price fluctuations? The example of DOGS may provide us with a new perspective, reminding us that when evaluating a project, we should not only focus on short-term price trends but also pay attention to its ecological construction, user growth, and long-term development potential.
As TON becomes the exclusive blockchain of the Telegram ecosystem, DOGS, as an important project within the TON ecosystem, has promising development potential in the future. However, investors should remain cautious and closely monitor the progress of the project and market trends, seeking a balance between opportunity and risk.