TRON (TRX) Stuns Crypto Market With 200% Volume Surge
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TRON (TRX), the brainchild of Justin Sun, has surged in key metrics as its price has triggered a huge rally. Backed by the recent updates on the TRON blockchain, the TRX price has made some bullish moves on the crypto market. Investor interest as well as confidence also seems to rise as the coin continues to defy all the odds.
In the last 24 hours, the price of TRX has soared 12.13% to $0.1639, according to the latest data from CMC. The coin is nearing its all-time high (ATH) of $0.2317, which was claimed back in January 2018. Moreover, the market capitalization of TRON’s native currency has jumped 12.05% to $14.2 billion, making it the 10th largest crypto on the entire market.
TRX trading activity rises
Amid the latest price rally, TRX is also seeing a huge increase in its trading activity. The 24-hour trading volume of the coin, per the data from CoinGlass, has skyrocketed 202.39% to $1.17 billion. These numbers show the bullish sentiment among traders for TRX. Notably, the rise in trading volume is seen across all major crypto exchanges.
Binance leads the way with $711.05 million in volume, followed by Bybit at $181.70 million, OKX at $164.10 million and BingX at $78.15 million, among others. This rising activity is a clear signal of bullish momentum on the market for TRON's native coin. It also means that more price gains are expected for TRX in the near future.
TRON generates significant buzz
TRON founder Justin Sun recently unveiled SunPump, a TRON-based platform to launch and trade meme coins. SunPump has seen rapid growth since its launch, and the crypto community remains stunned. Moreover, Sun recently tweeted that he has talked with multiple meme community leaders regarding the meme ecosystem on TRON.
He revealed that these market leaders are planning to introduce millions of users to the TRON community. These users will be joining the TRON ecosystem, which will give a significant boost to the network. While bright days are ahead for TRON amid these developments, the TRX price is reaping the benefits of this sentiment and rallying to the next highs.
Arman Shirinyan
Alex Dovbnya