WRX Token Skyrockets 50% Amid Refund Speculations, but WazirX Remains Silent

WazirX native token, WRX, has seen a dramatic surge, rising over 50% within just an hour today, grabbing the attention of the crypto community.

WazirX’s native token, WRX, saw a dramatic price surge on Monday, rising over 50% within just an hour and grabbing the attention of the crypto community.

The token’s price skyrocketed to $0.2789, marking a 28% increase from its previous value. Over the last 24 hours, WRX’s price shot up from $0.2177 to a high of $0.3441, sparking excitement and speculation.

This sudden price jump follows an announcement from WazirX regarding fund transfers for its users. However, some crypto observers believe the spike could be an attempt by WazirX to divert attention from ongoing issues, as trust in the platform remains shaky.

Earlier this year, WazirX was hit by a massive hack that resulted in a loss of ₹2,000 crore (~$250 million), leaving users questioning the platform security and reliability. Today price surge has sparked fresh conversations on social media about possible refunds or resolutions, with some users speculating that WazirX may be trying to artificially boost its image to regain user trust.

On social media, accounts like Open4Profit and Wise Advice raised questions about whether the spike in WRX’s price could be tied to an upcoming refund or buyback program, with Wise Advice pointing out that WRX was one of the top gainers on Binance today.

While the price increase is seen as good news for those affected by the hack, it has also left many wondering if it a sign of actual progress or just a short-term market hype. WazirX has yet to offer any clear answers, leaving users in the dark about the future of their funds and the platform’s recovery plans.