- Purchasing Tokens on Decentralized Exchange
- Selling on Centralized Exchange
- Strategic Approach and Results
A trader demonstrated high returns by trading the $DOGS token using strategic planning and platform choice.
Purchasing Tokens on Decentralized Exchange
The trader acquired 55.9 million $DOGS tokens for 3,271 $TON, an investment of approximately $18.4K, on a decentralized exchange (DEX). The purchase occurred just before $DOGS was listed on a centralized exchange (CEX).
Selling on Centralized Exchange
Following the CEX listing, the value of the $DOGS token increased. The trader sold 20 million $DOGS tokens for 6,150 $TON, equivalent to $34.6K. This transaction yielded significant profit, more than doubling the initial investment.
Strategic Approach and Results
The trader then transferred the remaining 35.9 million $DOGS tokens to the CEX, where they were sold for $61K. The combined buying action on the DEX at a low price and selling on the CEX at a higher value resulted in a total profit of $77.3K, with an overall return on investment calculated at 420%. This case exemplifies how strategic timing and platform choice can significantly impact profitability in cryptocurrency trading.
The trader’s success with $DOGS highlights the potential profitability of informed and timely trading decisions in the cryptocurrency market.
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