DOGS (DOGS) fluctuates by 110.5% in 24 hours: TON fee drops by 6 times, driving a surge of over 80%

Volatility Brief

Over the past 24 hours, the price of DOGS surged from a low of $0.00003264 to a high of $0.00006665, currently trading at $0.0000602, with a fluctuation of 110.5%. The 24-hour trading volume skyrocketed to $150 million, up 2934% from the previous day, showing clear signs of net capital inflow. The Vol/MCap ratio reached as high as 286%.

Summary of Reasons for the Move

- TON network fees reduced by 6 times: On May 4th, Telegram CEO Pavel Durov announced that TON fees have dropped to near zero and revealed that Telegram will take over the TON Foundation as the largest validator, driving ecological upgrades. This directly stimulated increased trading activity in TON meme coins, with DOGS leading gains at 92%.

- DOGS NFT event: From May 4th to 5th, a limited sale of Star Wars NFT traits (180 units) was launched, with unsold portions to be burned. Combined with reduced fees, this catalyzed a surge in trading volume.

- High-volume speculation: The 24-hour trading volume reached $105-$150 million, indicating strong conviction buying by large accounts, with no record of significant net whale outflows.

Market Views and Outlook

Market sentiment is highly optimistic, with Durov’s announcement trending in the X community. DOGS is seen as the meme leader of TON, with many users stating they have established positions in anticipation of further upside. Leading analysts predict a short-term target of $0.00007; if the $0.000055 support holds, further gains are possible, though the RSI has reached 96 (overbought), so caution is advised for a possible pullback to $0.000043. The medium- to long-term baseline is $0.00012, driven by TON adoption and the meme cycle, but a risk lies in thin liquidity reversals.