ROSS Token Price Jumps 22% Amid Speculation Surrounding Ross Ulbricht Release

The ROSS token price is surging amid speculation that Donald Trump may grant the Silk Road creator, Ross Ulbricht, a presidential pardon.

The ROSS token price is surging amid speculation that Donald Trump may grant the Silk Road creator, Ross Ulbricht, a presidential pardon.

The potential release of Ross Ulbricht, the creator of the Dark web marketplace Silk Road, has sparked a 22% rally in the ROSS token price today.

After over a decade in prison, Ross Ulbricht could be on the verge of release. The release of this controversial figure sparked excitement among investors.

ROSS Token Price Jumps 22% Amid Speculation Surrounding Ross Ulbricht Release

Although it was launched in the middle of 2024, the ROSS token saw little significant progress until recently. However, the inauguration of President-elect Donald Trump could change everything.

As the day of inauguration approaches, the price of the ROSS token begins to surge. In the last six months, Ross Ulbricht’s token price gained a 19064.67% surge. Furthermore, the biggest increase was during November-December, making a new ATH at $0.02767.

At exactly the same time, Bitcoin reached its all-time high of around $103k. However, the price is now at $96.5K, which disappointed some investors. On the other side, speculation surrounding Ross Ulbricht’s release is boosting the ROSS token price performance, with a 236% surge over the past month and 22% in the last 24 hours.

Currently, the ROSS token trades at $0.02541, just 8% away from its all-time high. Undoubtedly, there’s a growing investor interest in this digital coin as its market cap reached $25.34M and a trading volume of $978.05K after a 90% surge.

What if Ross Ulbricht Receives A Presidential Pardon From Donald Trump?

There is growing speculation surrounding Ross Ulbricht’s possible release after 11 years of imprisonment. The founder of the Silk Road was praised for enabling anonymous Bitcoin trade for all investors.

Unfortunately, the aforementioned platform served to illegal trades and also money laundering, which led its founder to a lifetime imprisonment. Despite that, Ross Ulbricht got thousands of supporters.

No matter what happens regarding the possibility of his release after Donald Trump’s possible pardon, the ROSS token price jumps. Donald President also promised the release of the Silk Road creator during his presidential campaign.

Now, social media is filled with discussions and speculations surrounding Ross Ulbricht’s potential presidential pardon. The investor’s chances of being released increased to 71%, according to Polymarket presidential pardon data.

Last night, Donald Trump pledged to commute my sentence on day 1, if reelected. Thank you. Thank you. Thank you.

After 11 years in prison, it is hard to express how I feel at this moment. It is thanks to your undying support that I may get a second chance.

— Ross Ulbricht (@RealRossU) May 26, 2024

However, some think that Trump promised the release only to win. Those who criticize the future 47th US president say that he has already failed to fulfill many of his promises.