The price of WazirX’s token, WRX, has increased by over 50% in just one hour today, catching the crypto community’s attention.
At the time of writing, the WRX token climbed to $0.2789, which is 28% higher. In the last 24 hours, the price increased from $0.2177 to $0.3441.
A sudden pump may be linked to an earlier announcement made by WazirX regarding fund transfers for its users. However, some believe this could be an attempt to distract from ongoing issues rather than a real solution, as trust in the platform still remains low.
Earlier this year, WazirX faced a major hack where ₹2,000 crore (~$250 million) reportedly went missing. The incident shook user confidence, and today’s price spike led to questions about whether the platform is trying to artificially boost its image.
There is a lot of discussion on social media concerning possible WazirX refunds. One X account, Open4Profit, posted, “Is there any good news coming for WazirX refund? $WRX pumped more than 50%.”
Another X account, Wise Advice, noted, “$WRX is up 50% today and is the #3 gainer on Binance. Is WazirX buying WRX too, like $ETH, $PEPE, and $FLOKI?”
Nevertheless, this spike in WRX’s price appears to be good news for users affected by the ₹2,000 crore hack, with speculation growing around possible refunds or resolutions from WazirX.
This price jump leaves users wondering if it’s a sign of progress for those affected by the hack or just an effort to create short-term market hype. WazirX hasn’t provided any clear answers, adding to the uncertainty.
Also Read: No, Binance isn’t stepping in for users, clarifies WazirX
