Anyone hoping for a blistering start will have been disappointed: at least for now, DOGS is struggling to get off to a flying start

DOGS stationary

The DOGS memecoin airdrop is epic, there’s little to say. Highly anticipated by a vast public, a few days ago the token started its distribution, among other things giving rise to an unwanted effect: the overload of the TON blockchain. Given the amount of transactions due to DOGS, the chain went offline twice, causing quite a few problems for an ecosystem already penalized by the Durov affair.

Everything is great for DOGS, at least until you take a look at the graph. As often happens, especially when dealing with cryptocurrencies with no intrinsic value, after the launch the value has stalled a bit. But let’s go step by step and start with the CoinMarketCap graph (the one from CoinGecko or other similar platforms as long as they are reliable would also be fine).

Using the dates listed below, let's divide it into three very specific moments.

The first is the launch, which corresponds exactly to the start of tracking by CoinMarketCap. Ready, go, there was immediately a sales campaign by those entitled to the airdrop. Nothing strange, it is a fairly common practice to unload the received tokens, after all it is free money.

The second moment develops until the afternoon of August 28. Here the token had gained ground exceeding 0.0016 dollars in value per copy. After that the selling pressure returned.

We therefore arrive at the third phase, the current one. DOGS has lost a bit of value and is not taking off; at the time of writing it has lost about 9% in the last 24 hours.

What has just been written is obviously not a technical analysis, but a simple observation. The token has just landed on the market and anything can still happen. Despite this moment, DOGS has in fact entered the top 10 memecoins by market cap.

Warning: memecoins are always a gamble and are not part of the world of investments in the strict sense. If you decide to bet money on them, you must take into account that you could lose it all, as well as obtain crazy profits. The beauty and the ugly is right here: memecoins like DOGS have no limits.