DOGS, the viral meme coin with 53 million community members, is about to be listed on Binance exchange, leading to a surge in user activity on Binance exchange

Binance, the cryptocurrency exchange, has announced that it will list the DOGS memecoin, with trading beginning on 26th August. This makes DOGS the 57th project to feature on the Binance Launchpool. Through this platform, users can stake their BNB and First Digital USD (FDUSD) to farm DOGS tokens over three days.

DOGS’s 53 million community members have a huge impact on the crypto market

Built on the Open Network (TON) blockchain, DOGS Token is not just another meme coin; it is becoming a fast-growing sensation, especially within the Telegram ecosystem, with the potential to make a big difference in the digital asset space Influence. The current memecoin DOGS stands out in the crypto market with a strong community of 53 million.

DOGS Tokenomics

DOGS Token’s tokenomics shows a strong focus on community-driven initiatives. DOGS Tokenomics is designed to reward Telegram users based on the age and activity of their accounts, creating a system where long-time, active users receive higher rewards. 

The token has a fixed supply of 550 billion $DOGS, which could enhance its value over time due to scarcity. Most of the tokens are distributed through interactions with the DOGS Telegram bot, and there are no locks or vesting periods, meaning users can trade or use their tokens immediately after the airdrop.

The token’s unique “Dogenomics” allocates 81.5% to the community, with 73% for Telegram OGs and the rest for traders and future community members. 

The team and future development will receive 10% of the total token supply, with the majority locked in a 12-month vesting period. Additionally, 8.5% of the supply is allocated for liquidity on both centralized exchanges (CEXs) and decentralized exchanges (DEXs), as well as for listing-related events.

DOGS Airdrop and Eligibility

Binance will also offer a DOGS airdrop for eligible users who deposit funds into their Binance accounts via the airdrop claim page. However, the exchange has clarified that users from certain countries, including Canada, the USA, the UK, and Ireland, will not be eligible for the airdrop.

DOGS Pre-Market Value

Gate.IO data reveals that DOGS’ pre-market value was approximately $0.002509 as of the latest report.

Source: Gate.IO

While the market has not yet opened for trading, the memecoin has already gained traction on social media, with over 223,000 mentions on X (formerly Twitter).

Impact on Binance Coin (BNB)

The announcement of DOGS has significantly impacted Binance’s native coin, BNB. Since the news, BNB’s trading volume has increased by 12.01%, reaching $2.05 billion in the last 24 hours. Additionally, BNB’s Open Interest rose from $570.6 million to $590.4 million during the same period.

Source: Coinglass来源：Coinglass

Despite the surge in trading activity, BNB's price has experienced a slight decline. As of the latest data, BNB is trading at $555.84, reflecting a 2.02% decrease over the past day.

Source: TradingView来源：TradingView