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TRON (TRX) Hits New All-Time High After 100% Price Surge
On December 3, TRON (TRX) surged by 103.4% to a new all-time high of $0.45, although in later corrected to $0.381 with a 24-hour gain of 63.6%.
The cryptocurrency dropped to 11th in market cap at $32.5 billion.
Rachel Lucas from BTC Markets linked the rally to political instability in South Korea, increasing TRX's trading demand due to exchange restrictions. However, Min Jong from Presto Research questioned this connection, suggesting it might be part of a broader market trend involving order coins like XRP. Justin Sun, TRON's founder, also faced scrutiny over his potential influence on TRX supply.
In response to the rally, Sun stated, "Still here. Still #BUIDLing," emphasizing TRON's position in the top 10. 0 reply
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