DOGS Crypto Trader Nabs 400% Profit Despite Recent Price Dip, Here’s How

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As a seasoned crypto trader with over a decade of experience in this wild and unpredictable market, I can confidently say that the recent surge in profits from trading DOGS tokens has been one of the most exhilarating experiences yet. With my fingers on the pulse of the industry, I’ve learned to spot trends before they become mainstream, and this time was no exception.

On August 26, a crypto trader saw significant earnings by dealing with DOGS tokens across both centralized and decentralized digital trading platforms. The token has been at the forefront of market discussions due to the expectation of significant listings on centralized exchanges. This anticipation drove the value of the asset, with recent figures indicating a surge in its value, placing it in the high-growth zone.

Crypto Trader Makes Huge Profit on DOGS

A DOGS trader made good profits on his assets amid the buzz generated in the last few hours. According to Lookonchain, the trader made over 400% profits on the asset totaling $77.3k from an initial $18.4k investment. The trader made this huge profit from transactions between DEXs and CEXs respectively as the asset began trading on DEXs hours before it was listed on CEXs. 

At first, a user bought around 55.9 million DOGS for roughly $18,400, which was equivalent to 3,271 TON. Later on, the crypto trader decided to sell 20 million tokens and received approximately 6,150 TON or about $34,600. Ultimately, they deposited the remaining tokens onto centralized exchanges, earning a profit of around 420%. This resulted in having around 35.9 million DOGS valued at $61,000 and gaining an additional $77,000.

In various crypto communities, responses were generally favorable as investors anticipated price increases due to market optimism and excitement surrounding the listing. The initial transaction occurred when the asset’s value was $0.00013. At the present moment, the DOGS price is 0.001216, representing a 3% increase over the past couple of hours.

A smart trader has made over 400% profit by trading $DOGS!
Was the item traded earlier on the Decentralized Exchange (DEX), several hours prior to being listed on Centralized Exchanges (CEX), at a price as low as 0.00013 dollars per unit?
The smart trader spent 3,271 $TON($18.4K) to buy 55.9M $DOGS, sold 20M $DOGS…
— Lookonchain (@lookonchain) August 26, 2024

What’s Behind the Buzz? 

In recent days, both crypto traders and other users have been drawn to the excitement surrounding the token, known as DOGS. This coin originates from Telegram and offers utility within its ecosystem centered around non-fungible tokens (NFTs) and additional features. A large part of this momentum can be attributed to the announcement of centralized exchange listings on Aug 26. Notable platforms where DOGS is available include OKX, Gate.io, and Bybit. Another key factor that has contributed to its popularity is its inclusion in Binance‘s launchpool as the 57th protocol.

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2024-08-27 04:00