A crypto dealer who capitalizes on TON ecosystem meme tokens has registered a large revenue regardless of Telegram CEO Pavel Durov’s arrest. The good dealer lately made a 12x revenue by promoting Resistance Canine (REDO) inside the TON community. Following the rebranding of TON Blockchain’s brand to the REDO token brand, its worth skyrocketed by roughly 200%.
Crypto Dealer Makes Huge Revenue On TON Ecosystem
The dealer in query bought all 881,000 REDO tokens, securing a outstanding revenue of 107,275 SOL, equal to $606,000. This transaction represented a 12x return on the dealer’s preliminary funding in REDO. Furthermore, it marks some of the worthwhile trades inside the TON ecosystem, in response to TonViewer.
The newest surge comes from TON Blockchain adopting the Resistance Canine brand as they rally behind Pavel Durov after the Telegram CEO was arrested in France. The token worth surged to a excessive of $0.94 right this moment, which a number of merchants capitalized. Nonetheless, part of group members additionally shifted to different tokens as Telegram faces scrutiny.
The dealer’s success didn’t cease with REDO. He additionally made vital good points from buying and selling different meme cash inside the TON ecosystem. Notably, he earned 5,207 TON, valued at $29,400, by means of trades involving Ton Inu (TINU). He achieved a 35x return on TINU meme crypto sale.
Moreover, he secured 3,118 TON, price $17,600, from buying and selling Paper Aircraft (PLANE), marking a formidable 62x return. In whole, the dealer engaged in 11 meme coin trades, reaching a win charge of 54.5%. His cumulative revenue throughout these trades amounted to 115,387 TON, which is roughly $652,000, in response to blockchain analytics agency Lookonchain.
About Pavel Durov’s Arrest & Public Outrage
The arrest of Telegram CEO Pavel Durov in France has triggered widespread controversy, drawing reactions from distinguished tech leaders and public figures. Durov was apprehended on August 25 at Le Bourget airport close to Paris. The motion was taken for his alleged involvement in prison actions facilitated by means of his messaging platform, Telegram. On the day of arrest, TON ecosystem’s native token, Toncoin, plunged over 12%.
The costs embody terrorism, cash laundering, drug trafficking, and distribution of unlawful content material. Furthermore, French authorities argue that Telegram’s lack of moderation has turned it right into a haven for organized crime.
In response to the arrest, distinguished figures like Elon Musk voiced sturdy assist for Durov. Musk, CEO of Tesla, criticized the state of affairs, stating:
“Instagram has a large youngster exploitation drawback, however no arrest for Zuck, as he censors free speech and provides governments backdoor entry to consumer knowledge.”
Political figures like Robert F. Kennedy Jr. additionally condemned the arrest. Kennedy tweeted, “France simply arrested Pavel Durov… The necessity to defend free speech has by no means been extra pressing.”
Amid heightened scrutiny in TON ecosystem, Telegram launched the #FREEDUROV marketing campaign. It gained traction, with assist from varied celebrities and tech leaders. Moreover, Tron founder Justin Solar pledged $1 million in the direction of Durov’s authorized protection if sufficient group assist is garnered. As well as, Andrew Tate went on to query France’s legislation enforcement.
Disclaimer: The offered content material could embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.
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