TRON’s TRX token has reached its highest record price, beating out a seven-year high amid an explosive rally that saw it reach just above $0.43.
Tron swelled by 81% on Tuesday, pushing its market capitalization beyond $35.1 billion, CoinGecko data shows.
It coincides with other cryptos, including XRP’s and Hedera’s (HBAR) push this week as investors speculate on shifting regulatory winds in the U.S.
By contrast, market-leading cryptos such as Bitcoin and Ethereum remain little changed over the same period.
Funds are moving out of Bitcoin and newer tokens, including meme coins, into older projects, many of which are fully circulated and have lost significant value since their peaks, Decrypt was told.
“Most older projects are fully…
