The memecoin market is heating up as DOGS Token, built on The Open Network (TON) blockchain, continues to gain traction. In just three days, the Total Value Locked (TVL) on Binance Launchpool for DOGS has skyrocketed to over $6 billion, making it one of the most popular farming opportunities on the platform.
This surge in interest can be attributed to several factors. DOGS Token has amassed a massive community of over 53 million followers, drawn to its unique blend of humor, culture, and finance. The coin’s association with Telegram founder Pavel Durov’s meme character “Spotty” has given it a significant boost.
However, according to the recent announcement, the highly anticipated Token Generation Event (TGE) is postponed from August 23rd to August 26th. The decision was made in response to an overwhelming surge in registrations, with over 8 million users signing up for direct deposits of their DOGS tokens to exchange wallets and the Telegram Wallet.
Despite the delay, the DOGS Token frenzy shows no signs of abating. With its growing community and impressive TVL on Binance Launchpool, the coin has the potential to make a significant impact in the digital asset space.