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DOGS craze brought 420 percent profit in 2 hours
DOGS, one of the meme coins of the TON network, was listed by many major exchanges yesterday, while also creating opportunities for some cryptocurrency investors. A trader sold DOGS tokens, which he bought over decentralized exchanges, on central exchanges at a much higher price with the arrival of listings and made significant profits.
DOGS, the last meme coin that has ravaged the global cryptocurrency world, was also listed by many big exchanges yesterday, while a trader achieved a profit of 420% in a 2-hour period.
According to the information given by on-chain tracking platform Lookonchain, the trader turned the DOGS token into an opportunity to appear on decentralized exchanges before centralized exchanges. A few hours before the central stock market listings, this person, who bought on DEXs, bought DOGS at $0.00013, a price that can be considered low.
Trader received 56 million DOGS by spending $18k TON tokens. With the arrival of major stock market listings, he made almost twice the money he invested with half of his DOGS tokens. The trader sold 20 million of the 56 million DOGS tokens he received for 18 thousand dollars on DEX for 34 thousand dollars.
Later, he sold the remaining 36 million DOGS tokens on Kucoin and Bybit exchanges. This person also earned 61 thousand dollars over these sales and increased his total profit to 420% to 77 thousand dollars.
