DOGS Meme Coin Sets Record, With 17 Million Users Claiming Tokens Shortly After Launch

Telegram-native meme coin DOGS has set a new record, with 17 million users claiming tokens shortly after its launch, as announced on the project’s Telegram channel.

Telegram-native meme coin (token,asset) DOGS has set a new record, with 17 million users claiming tokens shortly after its launch, as announced on the project’s Telegram channel.

With growing market interest in Telegram-based projects, DOGS has quickly gained popularity, becoming one of the most talked-about assets in the meme coin space.

DOGS Meme Coin Sets Record

Data from Tonveiwer shows that over five million wallets now hold DOGS on TON blockchain. This impressive number was reached just two weeks after launch. To put it in perspective, only Tether’s USDT on the TRON blockchain and Ethereum (ETH) have more holders than DOGS.

According to a TON Community announcement, over the past two weeks, DOGS daily active user addresses have surpassed 1.1 million multiple times. The token has also recorded daily transactions as high as 14.4 million.

Here are some key highlights from the report following the token distribution:

Interest in the DOGS meme coin is growing as it sets itself apart from other meme coin projects by offering real utility within the Telegram ecosystem, powered by the TON blockchain. The team distributed most of the tokens to long-time Telegram users, further boosting its appeal.

Looking ahead, TON aims to attract “tens or even hundreds of millions of users” through token generation events (TGEs) for its flagship tap-to-earn games, such as Catizen and Hamster Kombat. These tap-to-earn games have been a major driver of user growth, drawing millions to the Web3 gaming space.

Despite this success, TON blockchain has faced several challenges — from major TGE-related outages to the recent arrest of Telegram CEO Pavel Durov in France. The charges against Durov have sparked policy changes for Telegram, adding pressure to the platform’s growth trajectory.