Don't Rush to Sell DOGS After CEX Listing! đš
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The meme coin DOGS has just been listed on Binance, but selling immediately might not be wise.
For coins like DOGS, which had a free airdrop, many investors sell as soon as it lists, expecting a price drop. However, this strategy may not work well for DOGS.
Example: Notcoin (NOT) started at $0.00077 on Binance, surged 48x to $0.037, then dropped to $0.00452. It's now around $0.01064, still 2.3x higher than the low. Early sellers missed out on profits.
DOGS may perform even better due to several advantages:
- Listed on major exchanges without disclosing tokenomics.
- No token lock-up or vesting periods.
- Supported by Durov (CEO of Telegram) and a large community.
Though a sell-off might still occur, consider splitting your DOGS tokens and selling them over 3-5 months to maximize profits and take advantage of market fluctuations.
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