A crypto trader who capitalizes on TON ecosystem meme tokens has registered a massive profit despite Telegram CEO Pavel Durov's arrest.
A crypto trader has made a 12x profit by selling Resistance Dog (REDO) within the TON network. The smart trader recently sold all 881,000 REDO tokens, securing a remarkable profit of 107,275 SOL, which is around $606,000, from the transaction.
The latest surge comes from TON Blockchain adopting the Resistance Dog logo as they rally behind Pavel Durov after the Telegram CEO was arrested in France. The token price surged to a high of $0.94 today, which several traders capitalized. However, a part of community members also shifted to other tokens as Telegram faces scrutiny.
The trader’s success did not stop with REDO. He also made significant gains from trading other meme coins within the TON ecosystem. Notably, he earned 5,207 TON, valued at $29,400, through trades involving Ton Inu (TINU). He achieved a 35x return on TINU meme crypto sale.
Moreover, he secured 3,118 TON, worth $17,600, from trading Paper Plane (PLANE), marking an impressive 62x return. In total, the trader engaged in 11 meme coin trades, achieving a win rate of 54.5%. His cumulative profit across these trades amounted to 115,387 TON, which is approximately $652,000, according to blockchain analytics firm Lookonchain.
The trader’s remarkable profits highlight the potential gains that can be realized within the TON ecosystem, particularly during periods of heightened activity and community engagement. As crypto traders continue to explore and identify opportunities within the TON network, we can anticipate further interesting developments and profitable trades.
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