The Telegram Open Network is no longer producing blocks following a frenzy of trading activity for a new memecoin called DOGS.
The Telegram Open Network (TON) has stopped validating new transactions and hasn’t produced a new block in more than three hours.
In an Aug. 28 post to X, the TON-based community platform Tonk Inu that the TON network had been experiencing an ongoing outage and pinned the blame on a frenzy of market hype over a newly launched memecoin called DOGS.
The last transactions on TON were approved more than three hours ago in block 45341899, with the network failing to produce any new blocks from then onwards, according to TON network tracker Tonscan.
