TON developers support this memecoin: Price soars

The memecoin Resistance Dog (REDO), the largest memecoin on the TON blockchain, has surged over 140 percent thanks to developer support.

The largest memecoin on the TON blockchain, the memecoin Resistance Dog (REDO), has increased by over 140 percent with the support of developers.

Things got chaotic with the arrest of Telegram founder and CEO Pavel Durov. Although there were initial sharp declines in memecoins in the TON ecosystem, this situation was reversed with the arrest process. The support of TON developers for the popular memecoin Resistance Dog (REDO) triggered a sharp increase in the parity.

This rise in #REDO in a short time naturally increased the interest in the TON network. Crypto investors have already started to research which memecoin the new REDO will be.

Core developers have indicated that they are embracing Resistance #Dog on platforms like the official Telegram channel and the X account. The move comes after Telegram founder and key figure in the Ton blockchain Pavel Durov was arrested in France over the weekend.

“In support of DigitalResistance, we are updating Toncoin’s logo and profile pictures on #TON community channels to the Resistance Dog symbol,” the team said in a statement on Monday. Following the announcement, the token surged by more than 140% on Monday, from $0.35 to over $0.85. The token’s current market value is $65 million, according to Dexscreener data.

#Durov was taken into police custody in France on Saturday amid a cybercrime investigation into charges of providing services and tools, according to the Tribunal Judiciaire de Paris. There have been previous reports of Telegram’s inadequate cooperation with law enforcement over content moderation issues.