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The $DOGS #meme coin , associated with the TON blockchain, has recently been rated as one of the worst-performing cryptocurrencies, falling to the 100th position. This decline can be attributed to several factors:
The arrest of Telegram’s CEO has likely impacted the #TON blockchain, leading to investor panic and reduced confidence in TON-based projects.
Increased activity on the blockchain due to #DOGS #airdrop announcements caused significant network outages, affecting other key services on the TON blockchain.
Many users were unable to claim their airdropped DOGS tokens due to the outages, which contributed to a sharp decrease in interest.
Additional factors such as macroeconomic conditions, including the Fear & Greed Index and #Bitcoin dominance, may also have influenced DOGS' performance.
Note: This is not financial advice. Please conduct your own research before making investment decisions.