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📢 NO rush to sell $DOGS immediately after listing on a CEX 🤔📊

🐶The meme coin DOGS has just been officially listed on Binance, according to the latest announcement from the exchange. However, selling DOGS immediately after listing may not be a wise strategy.

Typically, for projects that offer free airdrops to users, such as Notcoin (NOT) or the meme coin DOGS that we’re discussing here, a large number of investors tend to sell as soon as they are listed on exchanges. They believe that early selling will help maximize the value of their free airdrop, as the price of these coins usually drops by 3-5 times after listing due to the sell-off mentality of those who received the airdrop. However, with DOGS, this strategy may not be as effective as expected.

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For example, in the case of Notcoin, historical price data on Binance shows that it started at $0.00077 and then skyrocketed to $0.037 (a 48-fold increase). The price of NOT then dropped to a low of $0.00452 just a few days later. Although the current price is around $0.01064 at the time of article, NOT has still increased nearly 2.3 times from that low. This means that if you sold NOT immediately after listing, you would have missed out on a significant profit.

In the case of the meme coin DOGS, the scenario could be even more optimistic than with NOT. This is because DOGS has several advantages that NOT did not.

#DOGSONBINANCE #BNBChainMemecoins #BinanceLaunchpoolDOGS $NOT