DOGS has rolled out 2.75 billion tokens, valued at approximately $3.3 million, to 150,000 Notcoin users. The distribution amount was determined by user engagement and level, with more involved users receiving bigger portions.
For numerous users, the distribution effectively covered their Level costs and offered much more. It not only settled their financial obligations but also provided access to explore various pools and enjoy other exclusive perks, enhancing their engagement with the platform and its features.
The market felt an immediate impact, as the price of $DOGS surged nearly 7% within just 24 hours. Currently, the market capitalization has reached $697.6 million, while the 24-hour trading volume stands at $560.85 million, reflecting a slight decrease of about 24%.
Since $DOGS tokens started trading on various centralized exchanges, trading volume has experienced a significant increase. This rise in on-chain activity led to several network outages on the Ton blockchain, but the team has clarified that there are no issues affecting users’ funds.
