The price of Tron (TRX) crossed the $0.25 mark this Thursday, reflecting a notable 13% rise since Donald Trump began his presidency.
TRX price soared on Thursday, showcasing a remarkable 13% surge since Donald Trump began his presidency, with a striking correlation to significant purchases of the cryptocurrency by World Liberty Financial (WLFI), a company affiliated with Trump. Recent activities indicate a 450% spike in whale transactions, suggesting that larger institutional investors are following Trump’s investment patterns. This connection dates back to November 2024 when Justin Sun, the founder of Tron, announced a substantial $10 million stake in WLFI.
Fast forward to now, WLFI has amassed approximately 19.3 million TRX, valued at around $4.7 million, leading to a striking uptick in market engagement. The increased demand has propelled TRX past its previous highs, outperforming other cryptocurrencies like Bitcoin and Ethereum since the inauguration.
In addition to the bullish sentiment driven by WLFI’s investments, the overall liquidity from the increased whale transactions indicates a robust market dynamic. The total volume of high-value transactions has surged to $942 million, inferring strong institutional interest.
As TRX approaches vital resistance levels, observers speculate that if momentum persists, the token could potentially reach goals of up to $0.40, bolstered by tangible support and a favorable market structure.
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