{"id":570983,"date":"2024-08-30T10:17:30","date_gmt":"2024-08-30T10:17:30","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=570983"},"modified":"2024-08-30T13:18:23","modified_gmt":"2024-08-30T13:18:23","slug":"dogs-price-plummets-19-in-a-week-as-investors-pivot-to-this-shib-derivative-for-its-894-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogs-price-plummets-19-in-a-week-as-investors-pivot-to-this-shib-derivative-for-its-894-apy","title":{"rendered":"DOGS Price Plummets 19% In A Week As Investors Pivot To This SHIB Derivative For Its 894% APY"},"content":{"rendered":"

The DOGS price dropped 15% in the last 24 hours and 19% in the past week to trade at $0.001288<\/a> as of 3.30 a.m. EST on trading volume that plummeted 64% to $737.6 million.<\/p>\n

DOGS<\/a> is closely connected to the Telegram community, and was created as a community-driven initiative on the TON Blockchain to leverage Telegram’s massive user base and native meme culture.<\/p>\n

The meme coin’s price has recently been strongly influenced by fundamental factors, specifically the fact that Pavel Durov, the founder of Telegram, was both arrested and released within a single week. Durov was arrested shortly after landing in France, due to his connection to Telegram, which was enough to make the French authorities hold him responsible, at least in part, for enabling criminals to share illegal content and organize operations using his privacy-enabled messaging app.<\/p>\n

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The rally in support of Pavel Durov, who was detained in Paris, is ongoing in Moscow.<\/p>\n

Protesters are bringing paper airplanes to the French embassy. pic.twitter.com\/quv2jxEapc<\/a><\/p>\n

— Russian Market (@runews) August 25, 2024<\/a><\/p><\/blockquote>\n