Reddcoin (RDD) has seen an almost 350% gain in price at its peak yesterday. For those who don't know what it is, in a nutshell it's a coin that can be used to tip people on any social media platform. Similar to Steem's invite except you need to own the coins.
Redcoin (RED) is a coin that is centralised and in a nutshell used mainly as a wager for online gambling sites. Kind of like casino chips.
These are completely different coins.
Looking at the top gains for yesterday I noticed that RED also had a massive spike in price and my suspicions are that people thought they were buying Reddcoin (RDD).
I just thought it was hilarious and wanted to share and also remind people to check the 3letter code.