It looks like retail investors have a new favorite dog coin.
DOGS (DOGS), the latest meme coin to catch fire, is turning heads on the TON blockchain.
But will it continue rallying and hit $0.005, or will it cool off after its recent surge?
New DOGS Token on the TON Chain Rallies After Exchange Listings
DOGS isn’t just another cute animal token.
It has some real substance behind it.
DOGS runs on The Open Network (TON), a blockchain initially developed by the Telegram team.
Known for its speed and low fees, TON has gained traction in 2024 – even spawning the super-popular Hamster Kombat game.
But now, DOGS is stealing the spotlight.
What sets DOGS apart from other meme coins on TON is its backstory.
The token’s mascot, Spotty, was inspired by Telegram founder Pavel Durov’s own pet.
However, there’s more to DOGS than just this connection.
It’s also introduced features like tap-to-earn that keep token holders engaged.
Plus, with 81.5% of the token supply allocated to the community, DOGS’s creators are clearly committed to building a strong ecosystem.
The main reason DOGS has been going viral this week is because Pavel Durov was placed under arrest by French authorities.
His arrest has boosted interest in DOGS due to the community rallying behind it as a show of support.
Can DOGS Keep Pumping & Hit $0.005 Soon?
Now, let’s talk numbers.
DOGS exploded onto exchanges on Monday, listing at around $0.0016.
But, like many new cryptos, it had a rocky start.
A big sell-off pushed it down to $0.0011 by Tuesday afternoon.
However, DOGS showed resilience and bounced back 27% from that low.
At one point yesterday, DOGS even hit a 47% gain before settling back a bit.
As it stands, DOGS is the 8th most traded cryptocurrency in the world, with $1.5 billion in spot volume since yesterday.
That’s more than big names like XRP, DOGE, and PEPE.
The big question is: can DOGS keep rallying and hit $0.005?
It would be a challenge since the token would need to climb another 244% to reach that level.
It would also give DOGS a market cap of just over $2.5 billion, making it the 4th largest meme coin.
However, in crypto, anything is possible.
If DOGS can sustain this level of momentum and snag some more CEX listings, then hitting $0.005 is certainly a possibility.
Which Meme Coins Could Pump Next?
While DOGS is grabbing headlines, some investors are already on the hunt for the next meme coin sensation.
Enter Pepe Unchained (PEPU) – a project that aims to reinvent the meme coin model.
Is Pepe Unchained the Next Big Meme Coin After Raising $11M in Presale?
Pepe Unchained is unlike anything else on the market right now.
It’s set up as a layer-2 solution on Ethereum, promising faster and cheaper transactions while maintaining full compatibility with the mainnet.
This technical edge could give it an advantage over Ethereum itself.
And since Pepe Unchained’s layer-2 is targeted at meme coin investors, it’s got a unique selling point that sets it apart from the competition.
The project’s presale has been impressive, raising over $11 million so far.
At the time of writing, interested investors can snag PEPU tokens for just $0.0093851, which is expected to be a discount on the eventual DEX listing price.
Pepe Unchained’s developers accept purchases in ETH, USDT, BNB, and card.
So, will PEPU be the next meme coin to pump after DOGS?
YouTube star ClayBro thinks so.
He described Pepe Unchained as a “must-have meme coin” in a video that has been viewed over 1,000 times in just four days.
Fellow YouTuber Zach Humphries also said PEPU has “big potential.”
These endorsements have only added to the hype surrounding Pepe Unchained.
If the development team can keep their layer-2 promises, then there’s every chance PEPU could become a meme coin favorite later this year.
