Why Is TRX Going Up? Tron Surges 100% After Justin Sun Backs Trump’s Crypto Project
Justin Sun,
the Founder of Tron blockchain, recently purchased and then consumed a $6
million banana taped to a wall (a piece of modern art). Following this, he
invested $30 million in Donald Trump’s cryptocurrency project. Despite being
under scrutiny by the U.S. financial regulator since 2023, Sun’s recent actions
were enough to double the price of TRX crypto token in a single day.
TRX, the
native cryptocurrency of the Tron blockchain, has recently seen a significant
surge, testing a market cap of nearly $39 billion, its highest in history. The
price reached $0.45 on Tuesday, marking a 100% increase.
TRX price rose by 100% on Tuesday, reaching $0.45. Source: TradingView
Although it
corrected by 10% on Wednesday, December 3, 2024, TRX…
