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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.

Por Shaurya Malwa|Editado por Omkar Godbole
4 dic 2024, 7:32 a. .m.. Traducido por IA
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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 EOS$0.1520 — that have collectively doubled in the past 7 days amid an apparent cash flow to older projects.

TronTRXJustin Sun

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Oracle TikTok deal lifts AI mining stocks as bitcoin tags $88,000

Por James Van Straten|Editado por Jamie Crawley
hace 1 hora
Mining, Bitcoin miners, fans (Michal Bednarek/Shutterstock)

Oracle shares jumped 6% in pre-market on Friday as TikTok's U.S. agreement helped calm AI bubble fears after a volatile macro week.

Lo que debes saber:

  • Oracle shares climbed about 6% to around $190 Friday's pre market trading.
  • TikTok agreed to form a U.S. joint venture led by American investors, reinforcing Oracle’s role as a core AI cloud and data security provider easing AI concerns.
  • The deal helped improve broader risk sentiment with bitcoin back above $88,000, also lifting AI mining stocks in the process.
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