46 million transactions! Just think about what kind of number it is! This activity highlighted the growing interest and engagement in the TON ecosystem, as users literally rushed to participate in the giveaway, increasing transaction volumes to record values.
The latest event occurred just a few days after the TON network suffered two outages that lasted more than 12 hours in total. As previously reported, the problem was caused by an unusual spike in transactions related to the airdrop of the meme coin, which attracted significant interest. The subsequent overload of the network led to the loss of consensus by the validators.
The creation of DOGS was inspired by the beloved dog of Telegram founder Pavel Durov named Spotty and the coin was released to the market. During this campaign, 440 billion tokens were distributed out of a total of 550 billion.
DOGS has been featured on several leading cryptocurrency exchanges, including Binance, Bybit, OKX, Bitget and Gate. However, it has lost more than 10% of its value in the last 24 hours and is currently trading at $0.0011.
Interestingly, DOGS stock listings appeared immediately after Durov's arrest in Paris last week. After growing criticism from defenders of freedom of speech, French President Emmanuel Macron explained that he did not know anything about Durov's trip to France, and added that his arrest was an "independent decision" made by the country's judicial system.
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