Recently, a piece of eye-catching news has sparked heated discussions in the Chain Community: The TON Foundation officially announced that TON will become the exclusive blockchain of the Telegram ecosystem. This news inevitably brings to mind a unique project within the TON ecosystem: DOGS.

The DOGS project is not only noteworthy for setting the record for the largest airdrop in history in 2024, but also for its special role in the TON ecosystem, making it worthy of attention. However, DOGS currently seems to be in a 'blind spot' of market interest.

Looking at the recent price trend of DOGS, it shows an unusually calm state. In the past month, DOGS has only increased by 0.6%, significantly lagging behind other mainstream meme coins like DOGE (+16.2%), SHIB (+2.2%), and PEPE (+1.5%). This 'quietness' may instead signal potential opportunities.

Looking back at the development history of DOGS, it quickly rose to a market value peak of $730 million during its early launch, followed by several months of adjustment, during which the market value once retraced nearly 90%. However, unlike many 'flash-in-the-pan' projects, DOGS is accumulating new momentum for development after going through a period of consolidation.

Currently, the price of DOGS is consolidating above the key support level of $0.000126. It is worth noting that despite the flat price performance, the number of active on-chain wallets for DOGS has been continuously increasing, with an addition of 50,000 addresses in just one week. This phenomenon indicates that although market sentiment has cooled down, the user base and community vitality are still strengthening, and the project's fundamental structure remains robust.

The special status of the DOGS project has sparked an interesting thought: In the current market environment, is the real value and potential of a project merely reflected in price fluctuations? The example of DOGS may provide us with a new perspective, reminding us that when evaluating a project, we should not only focus on short-term price trends but also pay attention to its ecological construction, user growth, and long-term development potential.

As TON becomes the exclusive Blockchain of the Telegram ecosystem, DOGS, as an important project within the TON ecosystem, has promising development potential in the future. However, investors still need to be cautious, closely monitoring the project's progress and market trends, seeking a balance between opportunities and risks.