Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
DOGS (DOGS) fluctuates by 125.7% in 24 hours: TON transaction fees plummet 6 times and trading volume surges 4790% as driving factors

DOGS (DOGS) fluctuates by 125.7% in 24 hours: TON transaction fees plummet 6 times and trading volume surges 4790% as driving factors

Bitget PulseBitget Pulse2026/05/05 16:02
Show original
By:Bitget Pulse

Volatility Overview

In the past 24 hours, DOGS surged from a low of $0.0000343 to a high of $0.0000774, currently quoted at $0.0000585, with an amplitude of 125.7%. Trading volume soared to approximately $308 million, up 4790% compared to the previous period, with clear signs of net capital inflow. Buying pressure dominated, rapidly driving up the price.

Brief Analysis of the Sudden Movement

• TON network transaction fees dropped sixfold, directly stimulating meme coin ecosystem activity, and DOGS fluctuated over 110.5% as a result.

• 24-hour trading volume jumped from the usual millions to the $300 million level, with strong buying interest; DEX and CEX spot trades dominated the volume.

• On-chain activity is moderate, with no significant net outflows recorded, and whales are not exhibiting abnormal concentrated selling behavior.

Market Insights and Outlook

Market sentiment is short-term optimistic. The community regards the TON meme rebound as a major positive, with traders paying close attention to sustained buying and liquidity. Data from leading platforms indicates a neutral-to-bullish environment, but analysts warn of high volatility risks, potential pullbacks after overbuying, and advise caution regarding leveraged liquidations.

Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for information purposes only.
0
1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

The 10-year US Treasury yield hits nearly 20-month high as hawkish comments from Waller and oil price rebound lead to renewed rate hike expectations

Futures market pricing shows that on Monday, the market's expectation for a Fed rate hike in September rose from 35% before Waller's speech last Friday to 64%. The US Treasury market is facing multiple pressures, including a "more hawkish Fed, rising inflation risks, increased government bond supply, and increased corporate bond supply."

华尔街见闻2026/08/31 20:06

Cook Steps Down as Apple CEO: Farewell Letter to All Employees Reflects on 15 Years at the Helm, Says He Will Miss the Job

After 15 years at the helm of Apple, Tim Cook has officially stepped down as CEO and issued an emotional farewell letter to all employees. He emphasized that he will not be leaving Apple and will continue to be involved in global government affairs and other matters as Executive Chairman. Cook highly praised his successor John Ternus, stating that Ternus deeply understands the dedication required to create world-changing products.

华尔街见闻2026/08/31 20:06