DOGS crypto saw a massive surge of +20% on Wednesday following Telegram's Durov jail release. Will the uptrend continue?
On Wednesday, the 28th of August, Telegram CEO Pavel Durov was released from a French jail, tipping most crypto projects linked to its messenger app to front a relief rally. DOGS crypto, a Telegram native memecoin, was perhaps the top-performing project after the Durov update.
At the time of writing, the amount of Open Interest rates in the derivatives market declined by nearly 18% . This underscored a slight dip in the earlier bullish market sentiment as liquidity was withdrawn from the DOGS futures market.
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