As the cryptocurrency industry continues to evolve, its assets can offer massive profit opportunities for crypto traders carefully timing their transactions, as illustrated in the example of one such crypto investor making nearly $60,000 in mere hours trading meme coins.
Specifically, this particular trader first spent 3,271 Toncoin (TON) worth $18,400 to buy 55.9 million Dogs (DOGS), a community-driven meme token representing a popular dog mascot originally created by Telegram founder Pavel Durov, according to the data shared by Lookonchain in an X post on August 26.
Then, as the platform monitoring notable trades on the blockchain observed, this individual sold 20 million DOGS for 6,150 TON worth $34,600 and deposited the remaining 35.9 million DOGS to a centralized crypto exchange, making a profit of $77,300 or +420%.
It is also worth noting that the above trades took place over the course of just two hours, starting when DOGS was available on a decentralized crypto exc
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