In the wake of Pavel Durov’s arrest, $REDO has emerged as a dark horse, skyrocketing from a modest $23 million market capitalization to a staggering $90 million.
This explosive growth positions $REDO as a top contender among MEME coins on the Ton ecosystem.
The catalyst for this surge was the unexpected logo change of @ton_blockchain to @redotoken, which triggered a remarkable 200% price increase. One savvy trader capitalized on this momentum, selling 881K $REDO tokens for a profit of 107,275 $SOL ($606K), a staggering 12x return.
From 23 Million Market Cap
To $90 Million M.cap $REDO touched $0.95
PUMP around 200%Reason : The logo of $TON changed as @redotoken on @coingecko
IMAGINE : If the same thing happened on @CoinMarketCap 🤯
I won't recommend anyone to buy now#FREEDUROV #FreePavelDurov https://t.co/ayPDir0O8v pic.twitter.com/NUhm9TNeJe
— Rishabh Singhal đźź CryptoWaley (@rishabhsrishi) August 25, 2024
Whale Goes On To Record Other Notable Gains
This trader’s winning streak didn’t stop there, with notable gains on $TINU (5,207 $TON, 35x return) and $PLANE (3,118 $TON, 62x return). Their portfolio showcased an impressive 54.5% win rate across 11 MEME coins, amassing a total profit of 115,387 $TON ($652K).
After the logo of @ton_blockchain changed to @redotoken, the price of #MEMEcoin $REDO surged ~200%!
A trader sold all 881K $REDO for a profit of 107,275 $SOL($606K), a 12x return!
This trader also made 5,207 $TON($29.4K, 35x return) on $TINU and 3,118 $TON($17.6K, 62x return)… pic.twitter.com/rW6acclx8k
— Lookonchain (@lookonchain) August 26, 2024
As $REDO’s popularity soars, top centralized exchanges (CEXs) like Mexc, Gate, and Kucoin have taken notice, announcing spot listings for the token. This increased exposure is likely to further fuel $REDO’s growth, solidifying its position as a leading MEME coin on the Ton ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: tinofotografie/123RF // Image Effects by Colorcinch
