The Rise of $DOGS coin on ton
The biggest meme coin on The Open Network (ton), $DOGS, surged by 21% in the early hours of today following the news of telegram CEO and Toncoin creator Pavel Durov being released on €5 million bail by French authorities.
Durov faces charges related to the presence of criminal content and activities on the telegram messenger app, which is known for its privacy features but has also been linked to various illegal activities. The authorities accuse Durov of facilitating the spread of child pornography, human trafficking, money laundering, and other organized crimes by failing to cooperate with lawful requests from European authorities.
Following his arrest, Durov was held in custody for up to 96 hours, the maximum duration allowed under French law.
The Connection Between $DOGS, Durov, and The Open Network
The Open Network (ton) initially started as a telegram project but separated in 2020 after the US SEC determined that telegram's sale of Toncoin, then known as Gram, violated federal securities laws. Despite the split, The Open Network and telegram have maintained a close relationship.
Interestingly, the creation of $DOGS, the meme coin with a market cap of $737 million, was inspired by Durov’s pet dog, Scotty. Launched just two days ago, $DOGS quickly became the most popular meme coin on ton. Yesterday, its price surged over 30% from $0.00125 to $0.00165, and it is currently trading at $0.001423, showing a slight pullback of around 8.5% in the last 24 hours.
From ton’s $DOGS to Base $DAWGZ: The Growth of meme coins
$DOGS is not the only meme coin thriving on The Open Network. coins like DogWifHat and Bonk on Solana also signify the increasing popularity of meme coins beyond their original platform, ethereum.
Investors interested in exploring new opportunities may consider allocating a portion of their funds to the cross-chain meme coin, Base Dawgz ($DAWGZ), currently in its pre-sale phase. Unlike $DOGS which is purely on ton, Base Dawgz operates on Coinbase’s ethereum Layer 2 while also being compatible with ethereum, Solana, BNB Chain, Avalanche, and Polygon.
Base Dawgz, launched on June 4, attracted over $200,000 within minutes from eager investors. With staking and share-to-earn features, the multi-chain meme coin has raised $3.2 million so far.
The share-to-earn mechanism rewards community members for sharing $DAWGZ-related content on social media, fostering a more engaged user base compared to $DOGS. Additionally, Base Dawgz offers attractive staking rewards of 736%, as per the presale website.
Investors can secure Base Dawgz at a fixed pre-launch price of $0.008582, with various purchase options available including popular stablecoins like USDT and USDC. However, with only six days remaining before the token's price increases, interested buyers need to act swiftly to capitalize on the potential growth of this meme coin.
For those looking to get ahead in the meme coin market, exploring Base Dawgz could offer a promising opportunity to outperform $DOGS and other competitors. Join the Base Dawgz community on X and telegram and seize the chance to purchase $DAWGZ before the next price adjustment.
Don't miss out on the Base Dawgz pre-sale - Buy $DAWGZ here
