- Binance has listed DOGS as its 57th Launchpool project
- Trading will commence from August 26.
In a latest development is crypto exchange Binance [BNB] has announced the listing of the DOGS memecoin.
According to one report on August 20, the exchange will be the first to list DOGS, with trading starting on August 26. DOGS will also be the 57th project on the Binance Launchpool.
Through the Launchpool, users can access and stake their BNB and First Digital USD [FDUSD] in different pools to farm DOGS tokens for three days.
Additionally, the exchange will have a DOGS airdrop for eligible users, who will fund their Binance account from the airdrop claim page.
However, some users are not eligible according to the exchange.
“Users from Canada, US, UK, Ireland, etc. are not eligible.”
DOGS pre-market estimates
AMBCrypto took a look at Gate.IO, which showed that the pre-market value of DOGS at the time of writing was $0.002509. 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 the time of writing, with over 223,000 posts and mentions.
Source:
The expected launch of DOGS on Binance and airdrops has had a huge impact on its native currency, BNB.
Since the announcement, BNB has reversed its bearish trend with increased trading volume. Over the past 24 hours, BNB’s trading volume increased by 12.01% to $2.05 billion.
Source: Coinglass
Read Binance Coin’s [BNB] Price forecast 2024-25
According to AMBCrypto’s look at Coinglass data, BNB’s Open Interest has increased over the past 24 hours, from $570.6 million to $590.4 million at the time of writing.
Source: TradingView
However, despite the current madness, BNB price charts have fallen. At the time of writing, Binance’s coin was trading at $555.84, after dropping 2.02% on the daily charts, according to TradingView.