Based

Bitcoin

Percent

DOGS

According to data provided by Lookonchain, a crypto whale managed to make more than 400% profit on a recently launched altcoin.
DOGS, a Telegram-based memecoin, was launched today and the interest was so high that some outages were seen on the Toncoin (TON) network and disruptions in transactions on exchanges.
Related News: <a href="https://en.bitcoinsistemi.com/veteran-analyst-reveals-most-important-price-level-for-bitcoin-based-on-whales-buying-pattern/" target="_blank" rel="noopener noreferrer nofollow">Veteran Analyst Reveals Most Important Price Level for Bitcoin Based on Whales' Buying Pattern</a>
So how was this trader able to make so much profit on such a popular altcoin?
According to the data, the DOGS token was already trading on decentralized exchanges a few hours before it was listed on centralized exchanges. The token’s price on decentralized exchanges dropped to $0.00013.
According to Onchain data, this crypto whale spent $18,400 worth of TON on the decentralized exchange to buy 55.9 million DOGS tokens. He then sold 20 million of them for $34,600 on the decentralized exchange and transferred the remaining 35.9 million tokens to centralized exchanges for $61,000. In total, he made a profit of $77,300, or 420%, from these transactions.
However, many of the altcoins listed on decentralized exchanges can never be listed on centralized exchanges, causing investors to suffer losses.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/a-trader-made-420-percent-profit-in-controversial-altcoin-within-hours-here-is-the-method-he-used/" rel="noopener noreferrer nofollow">A Trader Made 420 Percent Profit in Controversial Altcoin Within Hours: Here Is The Method He Used</a>

A Trader Made 420 Percent Profit in Controversial Altcoin Within Hours: Here Is The Method He Used

Bitcoin Sistemi EN

Other articles published on Aug 26, 2024

What Drives Chainlink’s Recent Price Surge?

DOGS gets a 2nd launchpool starting August 26th on Bitrue

Explore PlayDoge’s Explosion, PADW’s Revolution, and MoonBag High-Yield Staking

ADA and BNB Prediction for August 26

Bitcoin Price Analysis: This Critical Level Will Dictate Whether $68K or $60K is Next for BTC

Crypto Investors Seek Utility-Driven Tokens - SDME With 50x Potential For Coming Bull Run

Join our free newsletter for daily crypto updates!