Elrond IEO has finally concluded and opened earlier this morning for trading on Binance, hitting 12x on opening.
While Binance's latest Initial Exchange Offering (IEO) appeared to have gained a lot of attention, the proof was in the pudding as it currently trading at 12x the IEO price.
The massive surge in price, was due to the cheap token metrics, allowing IEO invstors to get a handful of tokens for a very promising project at only $0.00065 each. The price in satoshis averaged roughly 6 satoshis.
Following the launch of trading on Binance, which saw several pairs against Elrond (ERD) token opened, inlcuding BTC, BNB and USDT, the price remained stable at 72 satoshis, a whopping 12x the IEO price.
Within the first 30 minutes of trading, ERD/BTC pair had seen over 4,600 BTC volume as Binance IEOs continue to see massive trading volume.
honestly didn't see that one coming? I guess people are buying $BNB to trade $ERD on @Binance_DEX
— CZ Binance (@cz_binance) July 4, 2019
Thanks @cz_binance for the 20x on $ERD
— Crypto_Altology (@Crypto_Altology) July 4, 2019
Gonna try scalping now. Bought back at 60 sats with tight stops
Everything is on sale due to $ERD
— Bovem (@schatkistje) July 4, 2019
$ERD #Elrond
— Ctrl+Alts+Del (@CtrlAltsDel) July 4, 2019
Sold my IEO allocation for x17 on average. Pretty nice dividend for holding $BNB.
Will look to start a trading back when the chart becomes more clear.
Alts are dipping due to the $ERD listing.
— ₿ailey (@buybtcbailey) July 4, 2019
Accumulate them here, if $BTC cools it's shit we might see some action.