DOGS Trader Earns 400% Profit

A cryptocurrency trader secured substantial profits by trading the DOGS token on August 26 through a series of transactions on both centralized and decentralized digital asset exchanges. The token surged to the forefront of industry trends as the market speculated on major listings on centralized exchanges. This anticipation drove the asset’s price higher in the past few hours, even as daily figures remained in the red.

Cryptocurrency Trader Reaps Significant Gains from DOGS

Amid swirling rumors, a DOGS trader managed to capitalize on the asset’s volatility in recent hours. According to Lookonchain, the trader achieved over a 400% return on their investment, turning an initial $18.4K into $77.3K. This impressive profit was generated through strategic trades between decentralized and centralized exchanges, with the asset beginning to trade on DEX just hours before its listing on CEX.

Initially, the trader purchased 55.9 million DOGS tokens with 3,271 TON, valued at approximately $18.4K. The trader then sold 20 million tokens for 6,150 TON, worth around $34.6K. Finally, the remaining balance was transferred to centralized exchanges, resulting in a 420% profit. The remaining 35.9 million DOGS were valued at $61K, yielding a total of $77K.

The reaction across the cryptocurrency community was positive, with enthusiasts predicting further price increases driven by market optimism and excitement over new listings. The first trade occurred when the asset was priced at $0.00013. As of the latest reports, DOGS is trading at $0.001216, up 3% in the past few hours.

What’s Behind the Hype?

The trader, along with others, was drawn to the recent buzz surrounding this token. DOGS is a native Telegram meme coin with utility within the network’s ecosystem, particularly around non-fungible tokens (NFTs) and more. Much of the momentum came from centralized exchange listings announced on August 26. DOGS was listed on major platforms, including OKX, Gate.io, and Bybit. A key factor in the excitement is its inclusion as the 57th project in Binance’s Launchpool program.