DOGS (TON: $DOGS) is a meme coin on The Open Network (TON), a blockchain project with close ties to Telegram. Soon after its release, it set records on TON, propelling the daily active user numbers to new highs.
A Deep Dive Into DOGS
$DOGS was inspired by a sketch made by Telegram founder Pavel Durov of his dog. At the time of its release, it was the largest token generation (TGE) event in the history of crypto.
According to an X post by the Ton Foundation, when DOGS was released, it was held in 4.5M unique wallets on the TON network, back in September 2024. Some of the key figures noted in the post include the fact that 53M users engaged with the DOGS mini app, 42.2 million wallets were eligible for the token airdrop, and 17M wallets had claimed the airdrop tokens.
At the time, those were record-setting engagement numbers in Web3. As of April 2025, there are over 5.5 million holders and over 50 million users of the mini app.
How DOGS Token Works
The DOGS token is a meme coin that embodies the spirit of the Telegram community. It draws its inspiration from its mascot, Spotty, created by Telegram founder Pavel Durov at a charity auction. $DOGS is a fun, engaging project that capitalizes on the broader interest in meme coins.
The meme coin aims to leverage the huge Telegram community to drive adoption. Via the DOGS bot and channel, users engage in fun activities that earn them tokens and NFTs. This unique approach helps to drive up users’ engagement while strengthening its community-powered ethos. To date, the Telegram channel has over 12 million subscribers, showing the massive community interest in $DOGS.
$DOGS Market Performance
Since its launch in 2024, $DOGS has had a great market performance. The price is up 35.12% in the past week, and the trading volume is up 5.97% in the past 24 hours to $33.08M, one of the highest trading volumes of any meme coin.
As of April 24, 2025, it has a market cap of $73.44M, with a full-diluted valuation of $78.18M. There are 550B DOGS in total, with 516.75B DOGS in circulation.
$DOGS peaked at an all-time high of $0.001644 on August 28, 2024, and the price has since dipped 91.1% as investors took profit. Since its all-time low of $0.000101 on April 17, 2025, $DOGS has experienced a massive turnaround, growing 44.87%.
Social Media Following
$DOGS is one of the most followed meme coins on the TON blockchain. It has 3.4 million followers on X and 12.26 million subscribers on Telegram.
Is DOGS A Great Investment In 2025?
$The $DOGS token helped to revive interest in the TON blockchain, and has since grown into a massive community, with one of the most followed mini apps on Telegram. It has a massive subscriber base on Telegram and millions of followers on X.
The market cap is massive and is fast approaching the $100 million psychological barrier. With the large community behind it, $DOGS could soon potentially become the first billion-dollar meme coin on TON. Consequently, adding $DOGS to your portfolio could potentially pay off in the medium term.
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