DOGS (DOGS) fluctuates by 110.5% in 24 hours: TON fee drops by 6 times, driving a surge of over 80%
Bitget Pulse2026/05/05 06:52Volatility Brief
Over the past 24 hours, the price of DOGS surged from a low of $0.00003264 to a high of $0.00006665, currently trading at $0.0000602, with a fluctuation of 110.5%. The 24-hour trading volume skyrocketed to $150 million, up 2934% from the previous day, showing clear signs of net capital inflow. The Vol/MCap ratio reached as high as 286%.
Summary of Reasons for the Move
- TON network fees reduced by 6 times: On May 4th, Telegram CEO Pavel Durov announced that TON fees have dropped to near zero and revealed that Telegram will take over the TON Foundation as the largest validator, driving ecological upgrades. This directly stimulated increased trading activity in TON meme coins, with DOGS leading gains at 92%.
- DOGS NFT event: From May 4th to 5th, a limited sale of Star Wars NFT traits (180 units) was launched, with unsold portions to be burned. Combined with reduced fees, this catalyzed a surge in trading volume.
- High-volume speculation: The 24-hour trading volume reached $105-$150 million, indicating strong conviction buying by large accounts, with no record of significant net whale outflows.
Market Views and Outlook
Market sentiment is highly optimistic, with Durov’s announcement trending in the X community. DOGS is seen as the meme leader of TON, with many users stating they have established positions in anticipation of further upside. Leading analysts predict a short-term target of $0.00007; if the $0.000055 support holds, further gains are possible, though the RSI has reached 96 (overbought), so caution is advised for a possible pullback to $0.000043. The medium- to long-term baseline is $0.00012, driven by TON adoption and the meme cycle, but a risk lies in thin liquidity reversals.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. Treasury, European Bond Yields Rise Ahead of Jackson Hole Symposium -- Update
Meta (META.US) teen protection measures only cover US users, global regulatory replication risks emerge
Meta's recent changes to Instagram and Facebook currently apply only to users in the United States. These include restrictions on the amount of time young users can spend on the apps, as well as limits on disabling safety settings. These changes are part of a series of landmark settlement agreements aimed at addressing allegations that the social media networks pose safety risks to children, and could cost the company up to $18 billion.
Bilibili Q2 Net Profit Surges 55%, Advertising Becomes Growth Engine, Gross Margin Improves for 16 Consecutive Quarters | Earnings Report Insights
Bilibili's Q2 revenue reached 7.94 billion yuan, an 8% year-on-year increase, with a net profit of 339 million yuan, up 55% year-on-year. Advertising revenue rose to 3.13 billion yuan, a 28% year-on-year increase, making it the primary growth engine; game revenue declined by 14% due to a high comparison base. Gross profit margin improved for the 16th consecutive quarter to 37.2%, and operating profit grew by 48%. Daily active users (DAU) reached 116.5 million, with an average daily usage time of 113 minutes.
Crypto prices
More
