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Cryptocurrency News Articles
Justin Sun Boasts of TRON as the Only Top Crypto Still in Green Since Trump Took Office
Mar 12, 2025 at 06:02 am
Justin Sun, the founder of the Tron blockchain, recently took to X, formerly Twitter, to boast about how Tron just happens to be the only top crypto
Justin Sun, the founder of Tron, is highlighting the cryptocurrency’s resilience as the sole top crypto to remain in the green since Donald Trump took office.
In a post shared on X, formerly Twitter, on Tuesday, Sun, who recently drew attention for purchasing and consuming a $6 million banana taped to a wall, shared a report by CryptoDiffer that assessed the performance of the top ten crypto tokens since Trump’s inauguration on January 20, 2025.
The chart compared the fair value of the tokens on January 20, 2025, with their current prices as of March 10, 2025, and calculated the percentage change in price since the inauguration.
According to the data, most of the top 10 tokens have taken a significant beating since Trump’s inauguration with only TRON showing a significant positive gain.
Dogecoin is arguably the biggest loser, down 30.4% from its peak; most likely a side effect of investors de-risking after realizing that the existence of Elon Musk’s DOGE barely affects the price of the DOGE meme.
Another big loser was Solana which has seen a price decline of up to 27%. The latest dip has shaken investor confidence, but the cult community around the token persists, making all this seem like a phase it will leave behind soon.
Among the top ten tokens, Solana is one of those that Trump selected to be added to the strategic crypto stockpile the US plans to create, which should also be a silver lining.
Bitcoin, which surged to a record high of $109,071 shortly after Trump’s inauguration, has since fallen to around $99,000 thanks to investors taking profit, the failures of the American crypto executive orders to stir markets, and the uncertainty from Trump’s tariff wars.
Tron is undoubtedly the stand-out from the list, with its massive +92.6% increase, which makes it the only cryptocurrency in the top 10 to perform positively despite the TRX not making the list of tokens Trump earmarked for America’s crypto reserve.
XRP made that list, and it showed more stability relative to other tokens on the list, with only a small decline of 0.4%.
The behavior of the top ten tokens in response to all the political meddling that is happening is not unexpected. Historically, the crypto market has been known to experience a cool-down period following a presidential inauguration in the US. In President Trump’s case, the market is in serious correction mode after the election euphoria died off.
There was a lot of euphoria following Trump’s election victory. In fact, on the day he was sworn in, the Republican stalwart was flanked by some of the wealthiest Americans, including Elon Musk, Jeff Bezos, and Mark Zuckerberg, all of whom had seen huge gains thanks to the stock markets.
Unfortunately, like the top ten cryptocurrencies, the president’s caucus of wealthy friends and supporters has also suffered substantial losses that have shaved billions off their net worth.
It has been weeks since Trump was sworn in, but in that time, five of the billionaires who sat behind him in the Capitol Rotunda have lost a combined $209 billion in wealth.
So far, the S&P 500 has lost 6.4%, Elon Musk is down $148 billion, Sergey Brin has lost $22 billion, and Bernard Arnault has recorded $5 billion in losses.
Any expectations that the market returns they enjoyed on Inauguration Day will continue have been ruined, and it is mostly thanks to some of Trump and Musk’s confrontations with long-time allies, mass layoffs of government employees, and a back-and-forth on tariffs.
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