$DOGS Successfully Burns Over 4.7 Billion Tokens

Last updated: October 11, 2024 1:23 PM

Published October 9, 2024 11:47 PM

Last updated: October 11, 2024 1:23 PM

Published October 9, 2024 11:47 PM

$DOGS, alongside $NOT successfully burned over 4.7 billion $DOGS tokens during their highly anticipated token burn event today.

The event was live-streamed on the $DOGS official X account (formerly Twitter), and it attracted over 100,000 viewers.

But, despite the hype, the market reaction has been underwhelming. $DOGS is currently down by 1.54%, trading at $0.000692, with its market cap dropping 19% to $120,207,178.

Meanwhile, $NOT is also experiencing a similar decline. The token is trading down by 3.04%, with a price of $0.007516. Its market cap also fell by 15% to $101,789,028 according to CoinMarketCap.

While the burn is an effort to manage the supply of the token, it was also an event expected to increase the value. However, it is not guaranteed.

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