The DOGS memecoin has surged nearly 23% in the past 24 hours following its official launch announcement. The token, currently trading at $0.001511, has demonstrated notable growth despite a recent 5% decline over the previous week.
DOGS’ market capitalization has risen to an impressive $789.45 million, reflecting robust investor confidence. The token has also experienced a dramatic increase in trading activity, with a 92.23% spike in 24-hour trading volume, reaching $2.05 billion. This surge highlights a growing interest and active trading among cryptocurrency enthusiasts.
Recent market activity has been marked by significant liquidations, with a total of $524.10K in the past hour alone—$171.06K from long positions and $353.04K from short positions. Over the last 24 hours, total liquidations amounted to $8.02 million, comprising $3.82 million from longs and $4.20 million from shorts. These figures underscore the volatility and rapid changes within the DOGS market.
Since its debut on August 26, the DOGS token has generated considerable buzz within the crypto community. The recent price spike is partly attributed to its listing on major cryptocurrency exchanges such as Bybit, Binance, and OKX. Additionally, the official DOGS token account, @RealDogsHouse, has confirmed its listing on these platforms, enhancing the token’s credibility and appeal.
With its strong market performance and presence on leading exchanges, DOGS is capturing the interest of both novice investors and experienced traders. As the token continues to gain traction, the crypto community remains keenly focused on its upcoming developments and potential for future growth.
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