DOGS memecoin ease of access can be a ‘double-edged sword’
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 12 2024DOGS Token Milestone: The DOGS memecoin on The Open Network has achieved a record 17 million users claiming its airdrop, marking it as the largest token generation event in crypto history, with 4.5 million unique wallets holding DOGS.
Concerns About Long-term Viability: Gracy Chen, CEO of Bitget, warns that while the ease of access through Telegram may drive initial user adoption, it could pose challenges for long-term success if users lack crypto experience and understanding.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
