As a seasoned crypto trader with a knack for spotting opportunities within niche ecosystems, I can confidently say that my recent successes within the TON ecosystem have been nothing short of exhilarating. The 12x profit I made from selling Resistance Dog (REDO) was a testament to my intuition and the power of meme tokens in driving market momentum.
A crypto trader who capitalizes on TON ecosystem meme tokens has registered a massive profit despite Telegram CEO Pavel Durov’s arrest. The smart trader recently made a 12x profit by selling Resistance Dog (REDO) within the TON network. Following the rebranding of TON Blockchain’s logo to the REDO token logo, its price skyrocketed by approximately 200%.
Crypto Trader Makes Massive Profit On TON Ecosystem
In this case, the trader in question successfully sold all their 881,000 REDO tokens, earning an outstanding profit of approximately $606,000 in SOL. This transaction translated into a staggering 12-fold return on the trader’s initial investment in REDO. Furthermore, this trade stands among the most profitable trades within the TON ecosystem, as verified by TonViewer.
Today, TON Blockchain has seen an increase following their adoption of the Resistance Dog logo in support of Pavel Durov, who was recently arrested in France as Telegram’s CEO. This surge reached a peak of $0.94, with many traders taking advantage of this rise. Yet, some members of the community have also chosen to invest in other tokens due to ongoing scrutiny faced by Telegram.
Beyond his achievements with REDO, the trader also saw substantial profits from trading various meme coins within the TON network. Particularly noteworthy is that he pocketed approximately $29,400 worth of TON, which equates to 5,207 TON, through transactions involving Ton Inu (TINU). This trade resulted in a massive 35x return on his investment in the TINU meme cryptocurrency.
Furthermore, he obtained 3,118 TON, equivalent to $17,600, through trading Paper Plane (PLANE), signifying a significant 62 times return on investment. In all, the trader partook in eleven meme coin transactions, managing a win rate of 54.5%. His total earnings from these trades summed up to 115,387 TON, approximating a whopping $652,000, as reported by blockchain analytics firm Lookonchain.
About Pavel Durov’s Arrest & Public Outrage
1. The detention of Telegram CEO Pavel Durov in France has sparked a great deal of debate, with notable figures from tech and public life weighing in. Durov was taken into custody on August 25 at Le Bourget airport near Paris. This action was initiated due to his suspected role in criminal activities linked to the messaging service, Telegram. On the same day, the value of Toncoin, the native token within the TON ecosystem, dropped by more than 12%.
The charges include terrorism, money laundering, drug trafficking, and distribution of illegal content. Moreover, French authorities argue that Telegram’s lack of moderation has turned it into a haven for organized crime.
Notable individuals such as Elon Musk publicly expressed robust backing for Durov following his arrest. Musk, the head of Tesla, spoke out against the circumstances, expressing his disapproval by saying:
As a crypto enthusiast, I find it concerning that Instagram seems to have a significant issue with child exploitation. Yet, there’s been no reported arrest of its founder, Zuckerberg. It’s troubling that free speech is being censored while at the same time, there appears to be a provision of backdoor access to user data for governments.
Political figures such as Robert F. Kennedy Jr. have expressed disapproval over the arrest of Pavel Durov. In a tweet, Kennedy stated, “The protection of free speech is more crucial now than ever before, as France has just taken Pavel Durov into custody.”
Under increased scrutiny within the TON network, Telegram initiated the #FreeDurov campaign, which gained popularity with backing from numerous celebrities and tech influencers. Moreover, Tron’s founder, Justin Sun, promised $1 million for Durov’s legal costs if sufficient community backing is amassed. Additionally, Andrew Tate voiced doubts about the integrity of French law enforcement.
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2024-08-26 14:57