- Binance has listed DOGS as its 57th Launchpool project
- Trading is set to start from the 26th of August.
In a latest development, crypto exchange Binance [BNB] has announced the listing of the DOGS memecoin.
According to a report dated the 20th of August, the exchange will be the first to list DOGS, with trading starting from the 26th of August. Also, DOGS will be the 57th project on the Binance Launchpool.
Through the Launchpool, users will have access and can stake their BNB and First Digital USD [FDUSD] into different pools to farm DOGS tokens for three days.
Additionally, the exchange will have a DOGS airdrop for eligible users, who will deposit money into their Binance account from the airdrop claim page.
However, some users will not be eligible according to the exchange.
“Users from Canada, USA, UK, Ireland, etc will not be eligible.”
DOGS pre-market estimates
AMBCrypto took a look at Gate.IO, which revealed that DOGS’ pre-market value stood at $0.002509 at press time. However, the market has yet to open for trading, so the exact value of the memecoin is unknown.
Source: Gate.IO
The memecoin was already trending on X (formerly Twitter) at press time, with more than 223K posts and mentions.
Source: X
The anticipated launch of DOGS on Binance and airdrops has had a massive impact on its native coin, BNB.
Since the announcement, BNB has reversed its bearish trend with increased trading volume. Over the past 24 hours, BNB’s trading volume has surged by 12.01% to $2.05 billion.
Source: Coinglass
Read Binance Coin’s [BNB] Price Prediction 2024-25
Also, per AMBCrypto’s look at Coinglass data, BNB’s Open Interest has surged over the past 24 hours, from $570.6 million to $590.4 million at press time.
Source: TradingView
However, despite the current frenzy, BNB’s price charts have declined. As of this writing, Binance’s native coin was trading at $555.84 after a 2.02% decline on daily charts, per TradingView.
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