Binance has officially declared the listing of $RON token, with preparations underway since the token collection on January 26th.
As of now, the Binance hot wallet 0xb32…bAFA3 contains 432,000 RON, valuing at $1.21 million.
Bingo😉币安官宣上 $RON 啦，01.26 的代币归集果然是在为上币做准备
目前 #Binance 热钱包 0xb32…bAFA3 已持有 43.2 万枚 RON，价值 121 万美金，地址传送门 👉 https://t.co/hZ4NJxSv6h https://t.co/oibQNN8nQd pic.twitter.com/o6M3spSFPI
— Ai 姨 (@ai_9684xtpa) February 5, 2024
$RON has experienced notable gains, with a surge of 12% in the past 7 days, 58% in the past 30 days, and an impressive 385% in the past 90 days, although it saw an 8% decline in the last 24 hours.
How $RON Token Is Reacting To The Token Movement
On-chain activity uncovered a significant event where someone sold a $1.04 million $RON position on OKX perp immediately following the Binance announcement, all in one trade. This sudden move caused the $RON perp price on OKX to plummet by 30% within a mere second.
😱Looks like someone sold a $1.04M $RON position on OKX perp right after the #binance announcement in 1 trade.
This caused the $RON perp price on #OKX to drop 30% in 1 second.
Right now, $RON is trading at $2.918, 10% lower than pre-listing price.
💀Who is this guy? pic.twitter.com/cLjSSKRtcE
— 0xScope (@ScopeProtocol) February 5, 2024
Presently, $RON is trading at $2.910, showing a slight recovery from its low of $2.749, yet still 10% lower than its pre-listing price. However, the 24-hour trading volume of $RON has witnessed an impressive 391% increase.
The dynamics surrounding the $RON token’s listing on Binance underscore its volatility and the immediate impact of significant trading activities in the cryptocurrency market.
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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