DOGS (DOGS) 24-hour volatility reaches 94.8%: TON network fee reduced by 6 times driving a price surge

Volatility 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.