- The upcoming release of the TON memecoin DOGS has generated significant buzz, with major exchanges gearing up for its launch.
- Binance holds 89 billion DOGS, while Bybit and OKX also show strong interest, indicating high anticipation for the new token.
- The launch of DOGS within the TON ecosystem is set to stir debate on memecoins’ role, potentially shifting market dynamics.
Colin Wu, a popular crypto journalist has reported that the TON memecoin DOGS is soon to be released and this has piqued the interest of many in the crypto world. Wu Blockchain revealed this in a recent post on X while focusing on the upcoming release within the TON ecosystem.
Data from Tonviewer shows that Binance has about 89 billion DOGS in its possession, showing significant interest and readiness for the token’s launch. The breakdown of this balance reveals several key components. The appellant was required to make a pre-deposit of 42.57 billion DOGS, 22 billion DOGS allocated to Launchpool, and a pre-deposit reward of 24.3 billion DOGS. These figures demonstrate the planned distribution and the incentives intended to promote the early interest and use of the token.
Exchanges Ready for TON DOGS Launch
Other major exchanges are also seen to be actively involved as well, other than Binance. Bybit is one of the most popular trading platforms for cryptocurrency with an approximate pre-deposit of 51.3 billion DOGS, which only goes to show the corporation’s interest in the new memecoin that will be launched soon. Consequently, OKX has a total of around half of Bybit’s volume, which also suggests that the majority of large market participants are looking forward to it and are preparing for it strategically.
This news comes at a time when memecoins are still being explored and received with both excitement and criticism in the crypto space. DOGS being launched within the TON network brings a new dimension to the debate about the usefulness, value and future of memecoins, which have been defined as purely meme-based assets. But with the help of large exchanges and their support, DOGS could upset this trend and become a serious player in the market.
With everyone watching the crypto space, the issuance of DOGS is expected to happen with much trading activities on the market. Both traders, investors, and enthusiasts will watch the memecoin’s performance especially on the background of its availability on multiple exchanges.
The recent announcement of the TON memecoin DOGS is creating conditions for potentially a major event in the crypto industry. Major players such as Binance, Bybit, and OKX are involved which makes the market to be ready for a possible revolution that DOGS can bring.
