Following the recent excitement in the ecosystem due to major exchange listings, a DOGS crypto trader generated a 400% profit from the DOGS meme coin.
After conducting a succession of transactions on both centralized and decentralized digital asset exchanges, a crypto trader generated substantial profits by trading DOGS tokens on August 26. The token has dominated industry trends after the market anticipated significant listings on centralized exchanges.
This has resulted in the asset experiencing gains in the past few hours, and the daily numbers are currently in the red zone.
DOGS crypto trader generates massive profits
When the chatter was generated, a DOGS crypto trader achieved substantial profits on his assets in the past few hours. From a $18.4k initial investment, the trader generated a total profit of $77.3k on the asset, which is over 400%, according to Lookonchain. The trader generated this substantial profit by conducting transactions between DEXs and CEXs, as the asset was listed on DEXs hours before its subsequent listing on CEXs.
The user initially acquired 55.9 million dogs, consisting of 3271 TON, valued at approximately $18.4k. The DOGS crypto trader sold 20 million tokens for 6150 TON, equivalent to approximately $34.6k. Ultimately, the holder deposited the balance on centralized exchanges, resulting in a $420% profit. Approximately 35.9 million DOGS, valued at $61k, generate $77k in revenue.
The market optimism and the listing chatter prompted positive reactions across all crypto spaces, with enthusiasts anticipating a price increase. The asset’s price was $0..00013 at the time of the initial transaction. At the time of publication, the price of DOGS is 0.001216, representing a 3% increase over the past few hours.
What is the reason for the Buzz?
Recently, the token has garnered attention from crypto traders and other users. DOGS is a native meme coin on Telegram useful in the network’s ecosystem, specifically concerning non-fungible tokens (NFTs) and other assets.
The centralized exchange listings announced on August 26 generated most of the momentum. DOGS is listed on numerous platforms like Gate.io, OKX, and Bybit. The project’s listing as the 57th protocol in the launch pool on Binance was a significant factor.
