Key Takeaways:
- DOGS and Notcoin will jointly burn $4 million in unclaimed airdrop tokens on October 9.
- The burn aims to enhance token scarcity and potentially boost prices.
- Unclaimed tokens will also fund charitable causes for children and animals.
- Technical analysis suggests possible price breakouts for both NOT and DOGS post-burn.
Token Burn Details
Tomorrow, October 9, DOGS (DOGS) and Notcoin (NOT) will permanently remove $4 million worth of unclaimed tokens from circulation. These tokens were initially distributed via Telegram airdrops but remained unclaimed by users.
Key Figures:
- DOGS: Burning 4.8 billion tokens ($3.5 million).
- Notcoin: Contributing the remaining $500,000 in tokens.
The event will be streamed live on X (Twitter) at 1 p.m. UTC to encourage community participation.
👉 Learn more about token burns and their impact
Community and Market Sentiment
Both projects received overwhelming community approval before finalizing the burn. Notably:
- Weighted Sentiment for DOGS and NOT surged, indicating bullish expectations.
- DOGS is currently 55% below its launch price ($0.00072).
- Notcoin trades 46% lower than its all-time high.
“Our community voted to allocate a portion of unclaimed tokens to charity, prioritizing long-term impact over short-term gains.” — DOGS Representative
Price Analysis: Potential Breakouts
DOGS (4-Hour Chart)
- Pattern: Descending triangle with resistance at $0.00088.
- RSI: Above the zero line, signaling upward momentum.
Targets:
- Breakout: $0.0010 (+38%).
- Support: $0.00068 (if resistance holds).
Notcoin (Daily Chart)
- Resistance: $0.0085.
Targets:
- Breakout: $0.014 (+65%).
- Support: $0.0072 (if rejected).
👉 Explore crypto trading strategies
Charitable Allocations
The DOGS team announced:
- 6 billion unclaimed tokens will fund children’s and animal welfare initiatives.
- Community members will have transparent oversight of donations.
- Future plans include real-life charity participation for active supporters.
FAQs
1. What is a token burn?
A process where tokens are permanently removed from circulation to increase scarcity and potential value.
2. How does this affect DOGS/NOT prices?
Reduced supply may boost demand, but market conditions and sentiment play equal roles.
3. Why donate unclaimed tokens?
To align with community values and support social causes, enhancing long-term project credibility.
4. Where can I watch the burn event?
Live on X (Twitter) via official DOGS/Notcoin channels at 1 p.m. UTC.
Final Note: While token burns often create bullish momentum, always conduct independent research before investing. Market volatility and external factors can influence outcomes.