Source

DOGS

The Open Network (TON) has been down for more than six hours, with no new transactions validated or blocks produced during this period. The outage, which began on August 28, has been linked to a surge in activity caused by the launch of a new memecoin called DOGS. 
Tonk Inu, a community platform based on TON, reported the issue on X (formerly Twitter), attributing the network’s problems to the massive hype surrounding DOGS. This memecoin, launched on August 27, quickly gained traction, trading on major exchanges like Binance and OKX.&nbsp; 
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 <img loading="lazy" decoding="async" width="578" height="294" src="https://www.cryptotimes.io/wp-content/uploads/2024/08/TON-Network-Faces-Three-Hour-Outage-Halts-New-Transactions.png" alt="TON Network Faces Three-Hour Outage &amp; Halts New Transactions" class="wp-image-198136">
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 Source: <a href="https://x.com/tonkinubot/status/1828591457986326761" target="_blank" rel="noreferrer noopener nofollow">X</a>
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Within the first ten hours, DOGS saw a trading volume of $1.7 billion and reached a peak market cap of $891 million. However, its price has since dropped from a high of $0.0018 to around $0.0012, according to <a href="https://coinmarketcap.com/currencies/dogs/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>. 
The TON network’s outage has raised concerns within the community, as the last confirmed transaction occurred in block 45341899, with no new blocks generated since. 
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 <img loading="lazy" decoding="async" width="1024" height="216" src="https://www.cryptotimes.io/wp-content/uploads/2024/08/TON-Network-Outage-Linked-to-Surge-from-New-DOGS-Memecoin-1024x216.png" alt="TON Network Outage Linked to Surge from New DOGS Memecoin" class="wp-image-198140" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/08/TON-Network-Outage-Linked-to-Surge-from-New-DOGS-Memecoin-1024x216.png 1024w, https://www.cryptotimes.io/wp-content/uploads/2024/08/TON-Network-Outage-Linked-to-Surge-from-New-DOGS-Memecoin-800x168.png 800w, https://www.cryptotimes.io/wp-content/uploads/2024/08/TON-Network-Outage-Linked-to-Surge-from-New-DOGS-Memecoin-768x162.png 768w, https://www.cryptotimes.io/wp-content/uploads/2024/08/TON-Network-Outage-Linked-to-Surge-from-New-DOGS-Memecoin-860x181.png 860w, https://www.cryptotimes.io/wp-content/uploads/2024/08/TON-Network-Outage-Linked-to-Surge-from-New-DOGS-Memecoin.png 1183w" sizes="(max-width: 1024px) 100vw, 1024px">
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 Source: <a href="https://tonscan.org/blocks" target="_blank" rel="noreferrer noopener nofollow">Tonscan</a>
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This disruption comes right after the TON Society rebranded on August 26, aligning with Telegram creator Pavel Durov, who was recently arrested in France. The rebrand introduced the “Resistance Dog” as the new symbol for the network, a nod to Durov’s stand for free speech in 2011. 
The TON Society has launched an “Open Letter Mini App” on Telegram, gathering over 1.48 million signatures for Durov’s release. Since his arrest, TON’s native token has dropped by 24% and is now trading at $5.22, down 1.7% for the day. 
The TON network’s instability highlights the risks of rapid memecoin hype overwhelming blockchain infrastructure. This outage underscores the need for stronger scalability measures to handle sudden spikes in activity. 
Update: The Open Network (TON) blockchain has resumed normal operations after a network disruption that halted block production for several hours. The TON Foundation <a href="https://x.com/ton_blockchain/status/1828666523998691503" target="_blank" rel="noreferrer noopener nofollow">announced</a> the recovery on its X page on Aug. 28 at 5:30 am UTC, stating, “TON is now producing blocks normally! We are back online.” All crypto assets are safe and transactions will be made soon. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/08/28/ton-society-calls-for-the-release-of-telegram-co-founder-pavel-durov/" target="_blank" rel="noreferrer noopener">TON Society Calls for the Release of Telegram Co-founder Pavel Durov</a> 
</blockquote>

TON Network Down for 6 Hours Due to DOGS Memecoin Surge

The Crypto Times

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