Tron's TRX Token Stages a Sunshine Comeback, Exploding 85% within a Day

Tron's TRX token staged a sunshine comeback, exploding 85% within a day, shattering its previous high of $0.23, and soaring to a new peak of $0.43

Key points:

Tron’s TRX token enjoyed a stellar 85% surge within 24 hours.

TRX token prices hit a new high of $0.43 after breaking past its previous peak at $0.23.

The TRX token rallied by 70% over the past day, bringing its market value to $36.7 billion.

TRX prices surged by 140% over 30 days, outperforming the broader market’s 70% increase during the same period.

TRX token prices rose more than 280% since the beginning of the year.

As TRX token prices soared to reach $0.43, TRX’s market value also surged to hit $36.7 billion, according to CoinGecko data. At press time, the TRX token was trading at around $0.37, up 67% over 24 hours.

The TRX token’s sharp rally occurred amid a broader market uptick in legacy crypto assets, even as Bitcoin (BTC) and Ethereum (ETH) remained largely flat on the day.

Other tokens also saw major gains, with IOTA (MIOTA) up 50%, VeChain (VET) rising 15%, and Kadena (KDA) advancing 44% in the last 24 hours, according to CoinGecko data.

Recently, Tron founder Justin Sun joined World Liberty Financial (WLFI), a DeFi venture backed by Donald Trump and his sons, in an advisory role. The move came after he purchased $30 million in WLFI tokens, becoming a WLFI whale.

Sun has also been making headlines after acquiring the renowned banana artwork at a Sotheby’s auction. In a recent post on X (formerly Twitter), Sun suggested that TRX could be the next XRP.

TRX=XRP

— H.E. Justin Sun 🍌 (@justinsuntron) December 3, 2024

XRP, the native crypto asset of Ripple, recently emerged as the market darling after its prices rallied sharply to close at their record high, enabling it to flip Solana (SOL) and Tether (USDT) to become the third-largest crypto asset by market capitalization.