Why You Shouldn’t Rush to Sell $DOGS Right After Its CEX Listing 🚨
DOGS, the meme coin, has just been officially listed on Binance, according to a recent announcement from the exchange. While it may be tempting to sell immediately, holding off might be a wiser move.
For tokens that are distributed via airdrops, like DOGS or Notcoin (NOT), many investors tend to sell right after listing, hoping to lock in maximum value before prices drop. Historically, such coins often see a 3-5x decline in value due to mass selling. However, with DOGS, this strategy may not yield the best results.
Consider the case of Notcoin. When it listed on Binance, it initially traded at $0.00077 before skyrocketing to $0.037—a massive 48x increase. Though the price dropped to a low of $0.00452 within days, it eventually rebounded to around $0.01064 at the time of writing, representing a 2.3x gain from its lowest point. If you had sold NOT right after listing, you would have missed out on significant profits.
The outlook for DOGS could be even brighter. Here’s why:
- DOGS secured listings on major exchanges without revealing its tokenomics.
- Unlike most tokens, DOGS doesn’t have a lock-up or vesting period.
- DOGS enjoys strong community backing, including support from Telegram CEO Pavel Durov.
That said, it’s normal for DOGS to experience a sell-off phase post-listing, as seen with $NOT
To make the most of DOGS, consider selling your airdropped tokens gradually over 3-5 months. This approach helps you take advantage of market swings and ensures you don’t miss out on potential growth with this meme coin.
