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Tron’s TRX Rockets to Record Highs Above $0.4
Tron ecosystem tokens and memes surged 35% on average, with some gaining as much as 100%, following TRX’s move, data shows.
4 dic 2024, 7:32 a. .m.. Traducido por IA
What to know:
- Tron’s TRX catapulted to a record high early Wednesday, nearly 7 years after its initial release.
- Tron founder Justin Sun said last week that the ecosystem had invested $30 million in Donald Trump-backed World Liberty Financial.
Tron’s TRX catapulted to a record high early Wednesday, nearly 7 years after its initial release, on no immediate catalysts in a move that liquidated over $21 million in short bets.
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TRX jumped 76% to over $0.4, reaching a $34 billion market capitalization, with trading volumes exploding from $2 billion on Monday to over $16 billion in the past 24 hours.
Tron ecosystem tokens and memes surged 35% on average, with some gaining as much as 100%, following TRX’s move, data shows. Value locked on Tron-based protocols zoomed to $14 billion as part of the price surge, DeFiLlama data shows.
While no immediate announcements or developments preceded Wednesday’s movements, Tron founder Justin Sun said last week that the ecosystem had invested $30 million in Donald Trump-backed World Liberty Financial, becoming its biggest investor.
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The token is also part of the 2018 cohort of tokens — including XRP, stellar (XLM), and — that have collectively doubled in the past 7 days amid an apparent cash flow to older projects.
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Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
Yang perlu diketahui:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
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