The Redstone token, RED, was like a dusty old coin that someone finally noticed in their pocket. Now itâs shining bright, pumping harder than a middle-school dodgeball champion. The price of RED spiked 18% in just a single day, standing proudly at $0.57. The volume? Oh, it didnât just riseâit grabbed a gallon of caffeine and shot up 287%, hitting $188 million. đ€
Word around the crypto campfire is that Redstone scored a grant of EIGEN tokens from none other than the Eigen Foundation. Apparently, these tokens are fancy little nuggets that are set to become staking rewards. Thatâs right, folksârewards stacking higher than my uncle’s regrettable Thanksgiving plate. đâđ„§âđ. And the rewards? Theyâre already piling up faster than email spam. A snapshot will soon capture whoâs eligibleâso get ready to smile for the camera (or cry if you missed it).
Now, letâs talk about what you can get staking RED. Not only do you unlock EIGEN rewards, but you also rake in Ethereum (ETH), Bitcoin (BTC), Solana (SOL), and USD Coin (USDC). Theyâre just casually handing out the “crypto buffet special.” To give you an idea of how wild this is, $1.38 million RED tokens have already been staked in EigenLayerâmore than EigenLayerâs own native token. Itâs like watching your neighborâs cat eat your dogâs food on your porch, and everyone just going, âCool!â.
But wait, thereâs more! (Cue the late-night infomercial music.) Redstone didnât just stop at staking incentives. No, sir. They walked up to Securitizeâa bigwig in the security token gameâand shook hands to become their first-ever official oracle partner. So now Redstone is holding the door open for future tokenized products like BlackRockâs BUIDL fund. And if the name doesnât impress you, buddy⊠BlackRock is a name that could make even a Wall Street wolf howl in admiration. đșđŠ
Between the EIGEN grant and the Securitize partnership, REDâs trading volume basically ran a marathon, set a record, and then decided to sprint a victory lap. And oh, letâs not forget the cherry (no, the entire cake) on topâlistings on Coinbase and Bitvavo, plus becoming the oracle partner for Hemi testnet and mainnet. All of this, folks, in one single day. Either Redstone drank a full pot of espresso, or someone accidentally left them in “beast mode.” âđŠŸ
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2025-03-13 16:02