The crypto world is buzzing after The Open Network (TON) ecosystemâs much-anticipated joint token burn event for Dogs (DOGS) and Notcoin (NOT). But while the burn removed billions of tokens from circulation, the market response hasnât been as explosive as expected. So, whatâs next for DOGS and NOT? Letâs break it down!
đ„ The Burn Event: A Major Milestone
At 1:00 p.m. UTC, over 4.7 billion DOGS tokensâworth more than $4 millionâwere permanently burned in a historic event. The live-stream attracted more than 100,000 viewers, all eagerly watching as billions of tokens were destroyed.
Hereâs the breakdown:
4,782,643,870 DOGS burnedâroughly 0.8% of its circulating supply.
The goal? To reduce the total supply, add scarcity, and potentially boost the price of DOGS.
But despite the hype, the marketâs response has been underwhelming. DOGS prices dipped, with the token trading at $0.0006666, down -7.63% since the burn. It seems the anticipated price surge hasnât quite materializedâyet.
đ DOGS vs Meme Coins: The Big Picture
DOGS is The Open Networkâs (TON) response to established meme coins like SHIB and DOGE, aiming to carve out its niche in the competitive meme coin space. But even after the burn and the conclusion of a major airdrop campaign, DOGSâ price remains under pressure.
After the airdrop, the DOGS community decided to allocate remaining tokens toward charity, development, and burning. Over 6 billion DOGS were donated to charity, while 7 billion DOGS were set aside for future project development. The remainder was burned, reducing the total supply and sending a strong signal to the market.
đ So, Will This Burn Boost Prices?
Although this milestone is exciting, the burning of billions of tokens doesnât always equate to immediate price gains. The DOGS community remains optimistic, but some traders are still cautious. While scarcity has the potential to push prices upward, market sentiment and broader economic conditions will likely play a more crucial role in the token's future.
As DOGS continues to build out its ecosystem and more development comes into play, the real value might not be in the short-term price swings but rather in the long-term vision of the TON network.
đ Market Sentiment
The communityâs reactions to the burn have been mixed. While some see this as a positive step toward creating value for the token, others are questioning if itâs enough to reverse the current downtrend in prices. The reality is that the cryptocurrency market remains volatile, and market participants should keep a close eye on future developments within the TON ecosystem.
đĄ Final Thoughts: A Key Moment for DOGS
The token burn is a significant event for DOGS and NOT, but itâs just one piece of the puzzle. Long-term value will depend on continued development, community engagement, and how well these tokens integrate into the broader TON ecosystem.
DOGS might not be experiencing a price surge just yet, but with strategic burns, charity initiatives, and active community involvement, itâs clear that the project is committed to building sustainable value.
đš Whatâs Next?
As we look toward future developments for DOGS and NOT, keep your eyes on:
New partnerships and ecosystem expansions.
Upcoming burns and supply reductions.
Community-driven initiatives that drive engagement and adoption.
Crypto markets are notoriously unpredictable, but with each step forward, DOGS could be on its way to becoming a powerhouse in the meme coin space. đ„đ
