A shrewd trader made a staggering 400% profit by trading DOGS tokens. Here's the story:‼️‼️‼️
Before DOGS was listed on major centralized exchanges (CEXs), it was available on decentralized exchanges (DEXs) for a mere $0.00013. The trader seized the opportunity, buying 55.9 million DOGS tokens for 3,271 Toncoin (TON), worth $18,400.
When DOGS was listed on CEXs like Binance, HTX, ByBit, and OKX, the price skyrocketed. The trader sold 20 million DOGS for $34,600 and deposited the remaining 35.9 million tokens, worth $61,000, to a CEX. This resulted in a total profit of $77,300, a remarkable 420% return on investment.
Although DOGS' price has since dropped by over 23%, with its market cap reaching $640 million, investor and trader interest remains high. In the last 4 hours, open interest has risen by 35%, and a staggering 16,000% in the last 24 hours.
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