DOGS (DOGS) 24-hour volatility reaches 94.8%: TON network fee reduced by 6 times driving a price surge
Bitget Pulse2026/05/07 16:02Volatility Brief
In the past 24 hours, the price of DOGS rebounded from a low of $0.0000539 to a high of $0.000105, currently at $0.0000814, with an amplitude of up to 94.8% and an overall increase of about 50%. The 24-hour trading volume surged to $316 million, over 4000% higher than the previous day, with significant net capital inflow, and DEX and CEX spot trading dominating.
Analysis of the Cause of Abnormal Fluctuations
- TON founder Pavel Durov announced a 6-fold reduction in network fees (near zero cost), directly stimulating TON’s price to soar over 30% within 24 hours and driving a collective surge in ecosystem meme coins. DOGS, as a native TON meme coin, led the gains with a 92%-110% increase.
- On-chain trading activity remains moderately high, with no signs of whale concentration sell-offs. Buying pressure dominates, driving rapid price increases.
Market Views and Outlook
The mainstream community sentiment is optimistic and FOMO-driven, regarding TON ecosystem upgrades (such as fee optimization and Telegram mini app growth) as long-term positives. However, several analysts warn that with RSI overbought (88+) and a surge in OI, the price is now overheated, and short-term corrections may occur to the $0.000058-$0.000060 support levels. Caution is needed for potential volume decline risk.
Note: This analysis is auto-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.
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