DOGS Distributes 40 Billion Tokens To 2.5 Million Users

DOGS distributes 40 billion tokens to 2.5 million users (Photo; Doc. Topnews)

JAKARTA - The DOGS token managed to distribute 40 billion tokens in just 48 hours. More than 2.5 million users worldwide received this token, with users of the Notcoin platform becoming the most enthusiastic recipients. This massive airdrop marks a major step in DOGS' efforts to expand its ecosystem in the crypto world.

Since August 31, 2024, as many as 2.75 billion DOGS tokens, worth about 3.3 million US Dollars (Rp50 billion), have been distributed to 150,000 users based on their activity on the Notcoin platform. Active users get more tokens, which also help cover the costs of their platforms and open access to exclusive features such as staking pools. With this distribution, DOGS provides an opportunity for early users to be more involved in the growing ecosystem.

Of the total 53 million DOGS bot users, 42.2 million users are eligible to receive this airdrop. The total supply of DOGS alone reaches 550 billion tokens, and with collaboration and other strategic steps, this token is expected to continue to grow in the next few months.

In addition to this large airdrop, DOGS is also establishing a strategic partnership with Bitget, one of the leading crypto exchanges. This collaboration allows Bitget users to get additional opportunities to receive DOGS tokens. On August 20, more than 400 billion DOGS tokens were distributed in another major event that further strengthens the position of this token in the crypto market.

The next step in the DOGS roadmap is to enter a centralized exchange (CEX), where users can trade and transfer their tokens more easily. The crypto community is now looking forward to this launch with enthusiasm, given the great potential for DOGS to become a major player in the market. However, despite the wide welcome, DOGS faces challenges in the market that affect the price of its tokens.

Since its launch on August 29, 2024, DOGS tokens have experienced considerable price pressure. In the past month, the price of these tokens fell by 31%, with a 23% drop in just the past week. This decline was mainly due to on-chain withdrawal of tokens by airdrop recipients, who directly sold their tokens in the market. On September 5, 2024, the price of DOGS was recorded at 0.001098 US Dollars (Rp 16.87), with a slight increase of 9.50% from the daily lows.

Even so, technical signals suggest that the DOGS may continue to face price reduction pressures in the short term. Indicators like MACD show a bearish crossover pattern, while the histogram shows a weakening momentum. In addition, the cost Oscillator indicator also records a sustainable selling pressure. However, if the DOGS is able to penetrate the resistance level of 0.0015 US Dollars (Rp23.04), the potential for an increase to the target of 0.0017 US Dollars (Rp26.11) to 0.003 US Dollars (Rp46.08) is still open.