DOGS, the latest meme coin to take Telegram and even the general cryptocurrency world by storm, was listed by many major exchanges yesterday, while a trader made a 420% profit in a 2-hour period.

According to the information provided by on-chain tracking platform Lookonchain, the trader took advantage of the DOGS token’s presence on decentralised exchanges before centralised exchanges. A few hours before the central exchange listings, this person, who bought on DEXs, bought DOGS at a low price of $0.00013.

The trader bought 56 million DOGS by spending $18 thousand TON tokens. With the arrival of major stock market listings, he earned almost twice the money he invested, with half of the DOGS tokens in his hand. Trader sold 20 million of the 56 million DOGS tokens he bought for $18 thousand for $34 thousand through DEX.

He then sold the remaining 36 million DOGS tokens through the Kucoin and Bybit exchanges. This person earned $61 thousand through these sales and increased his total profit by 420% to $77 thousand.

In the chart below, the points where this person bought and sold can be seen.