DOGS, a newly listed TON token on Binance, shares a similar narrative with Resistance Dog—the hooded canine symbol. In the crypto world, where attention is currency, this dog has captured the imagination of many “degens”.
Could it become another iconic symbol in crypto, like Pepe or DOGE? Only time will tell. However, one thing is certain: if a crypto asset yields high returns, its price will speak volumes.
Moreover, the dog trend has attracted more players to the game. For instance, an NFT collection has also gained traction on X (formerly Twitter).
While the future is difficult to predict, this dog symbol has the potential to join the ranks of the “Laughing Man” and “Pepe the Frog” as emblems for the entire onchain community.
Beyond tokens, more user-generated content (UGC) has emerged on social media. The TON Market Maker Club, a social movement DAO, recently launched an NFT collection series, further expanding the dog’s presence in TON ecosystem.
It’s unclear how Durov will be treated in the court, French prosecutors are investigating Durov for alleged financial crimes. On Aug 29th, he’s on €5M bail, must report bi-weekly, and can’t leave France. Notes this isn’t a guilty verdict but suggests serious concerns. If convicted, Durov could face up to 10 years in prison. In the crypto world, all assets related to this dog seem to be getting more attention than Durov himself. Will the attention economy pump these asset prices to a new level? Let’s wait and see.
As this situation unfolds, it will be fascinating to observe how the interplay between symbolism, attention, and market forces affects the valuation of these assets. (Noted: It’s important to note that such rapid price movements can be volatile and unpredictable.)