Toncoin

when

DOGS

Coin

<ul>
 <li>A smart trader achieved a 400% profit trading DOGS by leveraging early DEX access before the CEX listing.</li>
 <li>DOGS gained massive traction due to community support, airdrops, and strategic exchange promotions.</li>
</ul>
DOGS, a new meme coin, has sparked great interest in the cryptocurrency market, particularly since its recent debut on major exchanges such as Binance and Bybit on August 26, 2024.
This listing followed an airdrop of the token to active Telegram users, as part of an ambitious distribution strategy in which 42.2 million eligible users received 81.5% of the total token supply.
The meme token immediately grabbed traction, with its price rising by more than 230% in its first trading day on Binance. The token’s early excitement stemmed from <a style="color: #008000;" href="https://www.crypto-news-flash.com/ton-based-trending-meme-token-dogs-listed-on-bitget-pre-market/" rel="noopener noreferrer nofollow">its roots</a> in the TON blockchain and the tremendous community support it has received.
DOGS, inspired by Telegram CEO Pavel Durov’s pet dog Spotty, has emerged as a symbol of meme token’s growing importance in the cryptocurrency industry.
<h2 id="strong-strategic-trading-amid-dogs-volatility-a-profitable-move-strong">Strategic Trading Amid DOGS Volatility: A Profitable Move</h2>
Aside from the hoopla, smart traders have seized on the volatility surrounding the token. According to <a href="https://twitter.com/lookonchain/status/1828115355832881611" rel="noopener noreferrer nofollow">Lookonchain</a>, one such trader profited more than 400% by strategically trading <a style="color: #008000;" href="https://www.crypto-news-flash.com/tag/dogs" rel="noopener noreferrer nofollow">DOGS</a> prior to and during its debut on centralized exchanges (CEX).
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 A smart trader has made over 400% profit by trading <a href="https://twitter.com/search?q=%24DOGS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGS</a>!
 How did he do it? 👇<a href="https://twitter.com/search?q=%24DOGS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGS</a> was already available for trading on <a href="https://twitter.com/hashtag/DEX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DEX</a> a few hours before listed on <a href="https://twitter.com/hashtag/CEX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CEX</a>, with the price as low as $0.00013.
 The smart trader spent 3,271 <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TON</a>($18.4K) to buy 55.9M <a href="https://twitter.com/search?q=%24DOGS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGS</a>, sold 20M <a href="https://twitter.com/search?q=%24DOGS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGS</a>… <a href="https://t.co/zqSxyEf0Xk" rel="noopener noreferrer nofollow">pic.twitter.com/zqSxyEf0Xk</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1828115355832881611?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 26, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
This trader spent 3,271 TON, worth $18.4K, for 55.9 million DOGS on a decentralized exchange (DEX) when the price was as low as $0.00013.
The trader then sold 20 million the meme token for 6,150 TON, worth $34.6K, and deposited the remaining 35.9 million DOGS, worth $61K, to CEX, making a profit of $77.3K.
Despite the initial spike, DOGS has seen a reversal, and its current price is around $0.001225, down 4.56% over the last 24 hours. DOGS has a market cap of roughly $632.22 million, showing the token’s widespread adoption and interest.
Overall, DOGS exemplifies the ongoing growth of meme coins, fueled by community interaction and market speculation. As the <a style="color: #008000;" href="https://www.crypto-news-flash.com/toncoin-ton-nosedives-20-following-founder-pavel-durovs-arrest-on-serious-charges/" target="_blank" rel="noopener noreferrer nofollow">Toncoin</a> ecosystem evolves, DOGS is likely to remain a focus point for both traders and enthusiasts.

Smart Trader Earns 400% Profit on DOGS Meme Coin in Just Hours

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