Cats and frogs and politics based meme tokens had their enough share in the meme ecosystem. Now a new memecoin has emerged in the crypto world. Close to its launch, this meme coin is shocking everyone with pre-market trading volumes already exceeding $4 million. Will it become the next big thing or just another fad? The excitement is growing, with predictions that this memecoin could hit a massive $550 million market cap soon after it launches. But what exactly is driving all this hype?
Pre-Market Buzz: $4 Million and Rising!
The pre-market action for this new memecoin named DOGS has been incredible. DOGS has already achieved over $4 million in trading volume on exchanges like Bitget, KuCoin and Gate.io. Currently trading at around $0.001, DOGS is becoming a hot topic among investors. But what is causing this intense interest?
Key factors include DOGS’ community focused approach and strategy. The project has announced 81.5% of its 550 billion token supply for users allocation. This approach has helped to gain huge interest in the community, 53 million users signed up in just a month. Over 42 million of these users will receive airdrops.
Airdrops and Community: What Makes DOGS Special
DOGS is focuses on being part of the Telegram community. The project’s “Dogenomics” approach rewards users who actively participate, whether by trading, creating stickers, or other activities. This has driven a lot of engagement and rapid adoption.
It is going to launch on August 23, 2024. As the launch date approaches, the community excitement is peaking. With over six million users already requesting airdrops, the DOGS community is very active. Airdrop claims need to be made by August 21, and claims for non-custodial wallets are due by 8 am UTC on August 23. Don’t miss out-this could be a huge opportunity.
Binance Listing: A Major Milestone
The excitement is set to increase even more as DOGS is scheduled to launch on Binance’s Launchpool on August 23. Binance will be the first exchange to list DOGS. Trading will start on August 26, 2024, at 12:00 (UTC). This could be a major boost for DOGS as getting exposure to millions of investors. The Binance Launchpool will offer 22 billion DOGS tokens as staking rewards. This will count for 4% of the total supply. Users can stake their BNB coin or FDUSD to earn DOGS.
Looking Ahead
The community can’t contain the excitement as Binance is set to launch DOGS on the launch pool. A big question experts are thinking- whether this will be enough to push DOGS to a $550 million market cap. Will it live up to the hype, or is it just another overhyped token? The numbers are impressive, but only time will tell how DOGS will perform after its official launch.
Also Read : Hamster Kombat Dark Secrets: Is the Biggest Airdrop a Scam in Disguise?
