A savvy crypto trader recently achieved a remarkable 400% profit by trading DOGS, a meme coin that gained significant traction in the market following several major exchange listings. The trader, whose initial investment was $18.4k, turned it into $77.3k, leveraging both decentralized and centralized exchanges.
DOGS has been in the spotlight due to its listing on various centralized exchanges (CEXs) such as OKX, Gate.io, and Bybit, which helped fuel its price momentum. Despite a 30% price dip, the trader capitalized on the surge of on-chain activity in the days leading up to the listings.
Crypto Trader Capitalizes on DOGS Price Surge
The successful trader executed a series of transactions that began with the purchase of 55.9 million DOGS tokens for 3,271 TON, worth approximately $18.4k. As anticipation of the CEX listings grew, the trader strategically sold 20 million DOGS tokens for 6,150 TON, equivalent to about $34.6k. The remaining 35.9 million DOGS tokens were then deposited onto centralized exchanges, where the trader realized a total profit of 400%, raking in an additional $77k.
The DOGS price was initially $0.00013 when the trader made the first purchase. At the time of writing, DOGS is priced at $0.001216, reflecting a 3% growth in the past few hours despite overall market volatility.
What’s Fueling the DOGS Buzz?
DOGS is a meme coin with utility within Telegram’s ecosystem, primarily linked to non-fungible tokens (NFTs) and other decentralized applications. The recent momentum stems from its listings on major CEXs on August 26, including OKX, Gate.io, Bybit, and Binance. The buzz heightened after Binance added DOGS to its Launchpool, marking it as the 57th protocol, further attracting attention from both traders and investors.
Enthusiasts are optimistic about the future price growth of DOGS, with many attributing its recent success to the listings and the growing utility of the token within the broader Telegram ecosystem.
As DOGS continues to attract attention and new listings, it remains a focal point of discussion within the crypto community, with many traders hoping to replicate the 400% profit seen by the recent successful trader.
Related topics:
Justin Sun’s TRON Boosts Energy Cap Amid Meme Coin Surge, TRX Price Rises 5%
US Fed Rate Cut: 5 Key Impacts on the Crypto Stock Market
Bitcoin & Crypto Stocks Expected to Rally on Trump Market Backing, Expert Says
