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Tron’s TRX Rockets to Record Highs Above $0.4
Tron ecosystem tokens and memes surged 35% on average, with some gaining as much as 100%, following TRX’s move, data shows.
Dec 4, 2024, 7:32 a.m.
What to know:
- Tron’s TRX catapulted to a record high early Wednesday, nearly 7 years after its initial release.
- Tron founder Justin Sun said last week that the ecosystem had invested $30 million in Donald Trump-backed World Liberty Financial.
Tron’s TRX catapulted to a record high early Wednesday, nearly 7 years after its initial release, on no immediate catalysts in a move that liquidated over $21 million in short bets.
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TRX jumped 76% to over $0.4, reaching a $34 billion market capitalization, with trading volumes exploding from $2 billion on Monday to over $16 billion in the past 24 hours.
Tron ecosystem tokens and memes surged 35% on average, with some gaining as much as 100%, following TRX’s move, data shows. Value locked on Tron-based protocols zoomed to $14 billion as part of the price surge, DeFiLlama data shows.
While no immediate announcements or developments preceded Wednesday’s movements, Tron founder Justin Sun said last week that the ecosystem had invested $30 million in Donald Trump-backed World Liberty Financial, becoming its biggest investor.
The token is also part of the 2018 cohort of tokens — including XRP, stellar (XLM), and — that have collectively doubled in the past 7 days amid an apparent cash flow to older projects.
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Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Asia Morning Briefing: BTC Steadies Around 90k With Liquidity Drained and a Fed Cut Fully Priced In
QCP notes participation has collapsed while Polymarket sees a shallow easing path, putting the focus on guidance and cross central bank signals.
Bilinmesi gerekenler:
- Bitcoin remains around $90,000 as thin year-end liquidity leads to volatility and range-bound trading.
- Traders expect a shallow easing path from the Fed, with more focus on guidance than the anticipated rate cut.
- Global market movements are influenced by diverging central bank policies and macroeconomic signals.
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