Tron (TRX) Token Rallies 97% in a Day, Hints at XRP Rivalry

Tron's TRX token witnessed an extraordinary 97% rally within a day, hitting a new all-time high of $0.45. Currently, it's trading at $0.399 marking 74.5% in the last 24 hours.

Tron’s (CRYPTO: TRX) TRX token surged an incredible 74.5% over the past 24 hours, hitting a new all-time high of $0.45 before稍稍回落至 0.399 美元。

This massive rally propelled TRX's market capitalization to a staggering $34.5 billion, up from $19 billion in just a day. The token's impressive performance outpaced broader market trends, with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) showing minimal price changes.

Interestingly, other tokens also experienced significant gains amid this bullish sentiment. IOTA (CRYPTO: MIOTA) soared by an impressive 50%, while VET (CRYPTO: VET) and KDA (CRYPTO: KDA) also saw substantial gains of 15% and 44%, respectively.

Tron founder Justin Sun's recent involvement with World Liberty Financial (WLFI) a DeFi project backed by Donald Trump, has garnered attention. Sun's involvement, which includes purchasing $30 million in WLFI tokens and joining as an advisor, has drawn interest in the project.

Sun's involvement in the broader crypto space also includes his recent purchase of the iconic banana artwork at Sotheby's, which sparked話題 for its astronomical price and unique nature.

In a post on X (formerly Twitter), Sun hinted at TRX's potential to rival XRP (CRYPTO: XRP) in the market cap rankings. XRP's recent rally to record highs led to it becoming the third-largest crypto by market cap, but the token has since cooled, dropping 7% over the past day to trade at $2.5.