Bitget CEO Gracy Chen warns that despite DOGS memecoin's widespread adoption, its ease of access could affect long-term success.
The TON blockchain is back to normal after a technical glitch linked to the Dogs Memecoin airdrop. Block production has resumed successfully, according to TON Foundation.
TON network resumed block production after a seven-hour outage due to the DOGS memecoin airdrop causing a loss of consensus.
Telegram Open Network faced disruption and remained down for more than three hours following the launch of DOGS Memecoin.
TON Blockchain faces an outage due to a rise in transaction volume from the DOGS memecoin airdrop, resulting in over six hours of halted transaction processing.
DOGS Memecoin's airdrop of 400 billion $DOGS tokens is set for August 20, creating a buzz in the crypto community.