ROSS Token Price Pumps 25% on Rumors that Ross Ulbricht Will Receive a Presidential Pardon

Ulbricht is now serving a life sentence for his role in Silk Road. To many, he became a symbol for those who feel his imprisonment was unfair.

The price of the ROSS token has surged 25% today amid fresh rumours that Ross Ulbricht, the founder of the darknet marketplace Silk Road, could be granted a presidential pardon and released from prison imminently.

Ulbricht is currently serving a life sentence for his role in Silk Road, which became a hub for illicit activity on the dark web. However, to some he has become a poster boy for those who believe his imprisonment is unjust.

As attention on his case has mounted, so too has the value of the ROSS token since it was launched in mid-2024.

Over the past six months, the ROSS token has enjoyed a 19,064.67% gain in value. Its price failed to gather much steam initially, but began to rise rapidly as Trump’s inauguration approached.

It reached all-time highs of $0.02613 in November and December, and is currently trading at $0.0265—around 8% below its ATH. Its market cap now stands at $26 million, with trading volume over the past 24 hours surging to $897K.

Meanwhile, anticipation is building for Ulbricht’s release after Trump appeared to confirm that he will be pardoning him. During his last campaign for presidency, Trump pledged to come to Ulbricht’s aid, offering hope to his supporters.

As his inauguration approached, this promise became part of the hype, with Trump adding at one rally: “Ross will be coming home in January,” heightening the anticipation for the pardon.

This discussion has also spilled over into betting markets, with Polymarket data indicating a 71% chance of the pardon.

But even as hopes are rising, many remain skeptical that Trump will ultimately follow through on this pledge. Some have suggested that he made the promise to garner votes during the election, while others point to the fact that many of Trump’s previous campaign promises have not been kept.

Ultimately, the future trajectory of the ROSS token and Ulbricht’s release remain to be seen, but many will be watching Trump’s next move closely.

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