- August 27, 2024
- Posted by: Jackson Bennett
- Category: News
A trader using cryptocurrency earned a 400% return on DOGS meme coin investment in the recent boost in the ecosystem because of the listing of meme coins in major exchanges. Idealist and a smart trader was able to generate 400% returns from DOGS meme coin. The trader earned a total of $ 77. It has received 3k starting from an investment of $18. 4k investment. This follows a series of the token getting several large centralized exchange listings.
An extremely large trading profit was generated on September 26 from DOGS tokens trades after several trades from centralized and decentralized digital assets trading platforms. The token has remained central to industry tendencies after the market nanabase major listings on centralized exchanges. This helped push the asset further up in the last couple of hours and although daily numbers are in the red zone.
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Crypto Trader Reaps Big Profits From DOGS
A DOGS trader secured handsome profit in his/her possessed assets during the hype which came into existence in last few hours only. Looking at the situation from the point of view of Lookonchain, the trader managed to earn more than 400% of the assetโs value, which amounted to $77. 3k from $18 at the beginning. 4k investment. The trader pocketed this huge profit from DEXs and CEXs, trading respectively as the asset was listed on DEXs for several hours before appearing on CEXs.
First of all, the buyer bought: 55. 9 Million DOGS with 3271 tones which is equal to approximately 18 dollars. 4k. After that, the crypto trader exchanged 20 million tokens for 6150 TONs at the approximate rate of $34. 6k. At last, the holder transferred the remaining balance to the centralized exchanges and got $420% returns. About 35. This is 9 million DOGS equivalent to $61 thousand while earning $77 thousand.
Most of the reactions in various crypto platforms were positive as supporters expected the price to grow by the listing spree and optimism on markets. The first transaction occurred when the value of the resource was at $0. .00013. At the time of writing this article DOGS price is equal to 0. 0031867 making a 3% growth in the last couple of hours.
Whatโs Behind the Buzz?
The hype around the token has drawn the crypto trader and other users in recently. DOGS is an Indigenous meme coin in the Telegram community with use cases in the ecosystem of non-fungible tokens among others. The announced centralized exchange listings on the 26th of August drove the majority of the trading volumes. As for where to buy DOGS you can find it on OKX and Gate among other exchanges. io, and Bybit. One was that Binance listed the project as the 57th protocol in the launch pool.
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