cryptobriefing.com
Tron’s $TRX token staged a sunshine comeback, exploding 85% within a day, shattering its previous high of $0.23, and soaring to a new peak of $0.43, according to CoinGecko data.
At press time, the token was trading at around $0.37, up 70% over 24 hours, pushing its market value from $19 billion to $36.7 billion.
$TRX has gained approximately 140% over the past 30 days, outperforming the broader market’s increase during the same period. The token has risen more than 280% since the start of the year.
The sharp rally comes amid a broader market uptick in legacy crypto assets, even as Bitcoin and Ethereum remained flat. Other tokens also saw major gains, with IOTA up 50%, VET rising 15%, and KDA advancing 44% in the last 24 hours, CoinGecko data shows.
Tron founder Justin Sun recently joined World Liberty Financial ($WLFI), a DeFi venture backed by Donald Trump and his sons, as an advisor. The move came after he bought $30 million in $WLFI tokens, becoming a $WLFI whale.
Sun has also been in the spotlight after he acquired the renowned banana artwork at a Sotheby’s auction.
In a recent post on X (formerly Twitter), Sun suggested that $TRX could be the next $XRP.
$XRP, Ripple’s native crypto asset, recently emerged as the market darling after its prices rallied sharply to close at its record high, flipping Solana and Tether to become the third-largest crypto asset by market cap.
$XRP’s bullish momentum has begun to cool off, dropping 7% to $2.5 in the last 24 hours.