Trader profits 400% with DOGS and new token promises 1,800% in staking

The launch of the DOGS token was the biggest hit of the week and overwhelmed several exchanges. Furthermore, the token itself shot up 120% on the first day alone, but one crypto trader went even further and made returns of 400%.

Launched on Monday (26), the DOGS token dominated industry trends after the market anticipated large listings on centralized exchanges. This indeed happened, leading traders to make extraordinary profits in the first 24 hours of trading the token.

And if you don’t want to earn money from trading, but rather from staking, another token promises returns almost five times higher, reaching more than 1,700%. This is Crypto All Stars, a memecoin that has a revolutionary staking protocol and is ideal for letting your cryptocurrencies work for you.

Cryptocurrency trader makes huge profit from DOGS

According to data platform Lookonchain, the DOGS trader made good profits amid the buzz generated in the last few hours. He made an initial investment of $18,300 and when he closed his trade, he sold his DOGS for $77,400.

The trader made this huge profit by trading between decentralized exchanges (DEX) and centralized exchanges (CEX). Initially, he bought 55.9 million DOGS, paying 3,271 TON. Later, the trader sold 20 million tokens and earned 6,150 TON – about $34,600.

Finally, the trader deposited the balance into centralized exchanges and made 420% in profits. The remaining 35.9 million DOGS are worth $61,000, netting $77,000.

Reactions across the crypto space were positive, with enthusiasts projecting price growth on the back of market optimism and listing buzz. The first transaction occurred when the DOGS price was at $0.00013. The rally continued, with DOGS up another 3% on Tuesday morning (27).

What’s behind the buzz?

The cryptocurrency trader, as well as other users, have been drawn to the buzz surrounding the token in recent times. Native to Telegram, DOGS is a memecoin with utility in the network’s ecosystem around non-fungible tokens (NFTs) and more.

Most of the interest in the token came from listings on centralized exchanges announced on August 26. On Binance, the token caused severe congestion, which slowed down transactions.

This is the effect of large token listings that can increase in value by over 100% in a few hours, as is the potential case with Crypto All Stars. This new token has as its main attraction a staking service open to any memecoin, which gives users the power to stake their coins.

If you have FLOKI, DOGE, PEPE, or other memecoins and don’t want to let them sit idle, you can stake them and receive STARS tokens, which power the new protocol. Additionally, staking STARS tokens grants you a discount of up to 15% on token purchases during the presale.

Its pre-sale continues to attract the market, which has already invested more than US$800,000 in the first days of the memecoin’s pre-launch. In addition, staking offers a return of 1,800% per year for those who acquire STARS tokens now, so don’t waste time and guarantee your passive income.

Follow Todaysgist on