Telegram's DOGS suffering right now
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Regarding this potential, Juan Pellicer, Senior Researcher at IntoTheBlock, mentions that the meme coin could face challenges. Speaking to BeInCrypto, Pellicer says the airdrop has affected DOGS dynamics.
“In contrast to TON’s growing usage, the DOGS token has faced challenges despite initial hype from its popular airdrop. Currently, 61% of the 4.13 million DDOGS holders are at a loss relative to when they received their tokens. This suggests that the market’s initial enthusiasm has waned,” Pellicer said.
“In contrast to TON’s growing usage, the DOGS token has faced challenges despite initial hype from its popular airdrop. Currently, 61% of the 4.13 million DDOGS holders are at a loss relative to when they received their tokens. This suggests that the market’s initial enthusiasm has waned,” Pellicer said.
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