Elrond (ERD) recovers following IEO dump, up 96% as volume surge on Binance

13 Jul, 2019
Elrond (ERD) recovers following IEO dump, up 96% as volume surge on Binance

Binance's latest IEO, Elrond (ERD) saw a massive surge in price and volume over the past 24 hours.

The top gainer in price and volume on Binance sees the IEO continue to show impressive results following the initial IEO. 

Elrond began trading on Binance over one week ago at 12x IEO price, bringing in a healthy profit for the lucky 11% who were able to get into the IEO. Elrond began seeing a massive sell off as the project declined over 50% over the course of the week. However, it appears the project has found its bottom and the buyers are back in as the nearly 100% surge in price over the past 24 hours makes ERD the biggest volume traded coin on Binance as well as the biggest gainer. 

ERD/BTC Chart provided by Tradingview

Elrond appears to have buyers back in the market as IEO traders continue to see some of the best gains coming from previous binance IEOs. Out of the top gainers on Binance, five of them are previous Binance IEOs including MATIC, FET, CELR, ONE, and ERD.

Once again Binance IEOs are proving to be the pick of the crop in terms of gains and profit. 

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