Tron’s TRX token witnessed an extraordinary 97% rally within a day, hitting a new all-time high of $0.45. Currently, it’s trading at $0.399 marking 74.5% in the last 24 hours. The surge propelled TRX’s market cap from $19 billion to $34.5 billion. TRX has gained 140% over the past month and an impressive 280% year-to-date, outpacing broader market trends.
The rally occurred amid bullish sentiment for legacy crypto assets, even as Bitcoin and Ethereum remained flat. Other tokens, including IOTA (+50%), VET (+15%), and KDA (+44%), also saw significant gains.
Tron founder Justin Sun’s involvement with World Liberty Financial (WLFI), a DeFi project backed by Donald Trump, has drawn attention. Sun recently purchased $30 million in WLFI tokens and joined as an advisor. He also made headlines for acquiring the iconic banana artwork at Sotheby’s.
Sun hinted at TRX’s potential to rival XRP in a post on X (formerly Twitter). XRP recently became the third-largest crypto by market cap after its rally to record highs but has since cooled, dropping 7% to $2.5 in the past day.
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