Ethereum co-founder and Tron creator Justin Sun moves $150m BUSD to Tron

Justin Sun — the creator of Tron (TRX) and one of Ethereum's (ETH) co-founders — moved $150 million in Binance USD (BUSD) from Ethereum to Tron. On-chain data provided by Arkham Intelligence show that on Dec.

Timeline of Binance-usd, Tron

As the final month of 2022 rolls in, the cryptocurrency market, along with TRON (TRX), is trying to offset the losses it suffered throughout the year, affected by various macroeconomic factors, as well as developments in the sector, including bankruptcies of major participants.

Binance USD's (BUSD) supply declined by over 15% to $18.8 billion from $22 billion within the last 24 hours after Binance experienced a surge in withdrawals. The post BUSD's supply falls below $20B as USDC's supply climbs above $45B appeared first on CryptoSlate.

Altcoin: Tron (TRX) has seen a fair amount of volatility over the years. With a market capitalization of $5 Billion, it seeks to host a global entertainment system for the cost-effective sharing of digital content.

TRON's stablecoin, USDD, depegged from the dollar TRX price action held out in the negative as Justin Sun calmed the community USDD, the decentralized stablecoin of TRON [TRX], lost its peg to the dollar on 11 December, Eliosa Marchesoni revealed.

Justin Sun's algorithmic stablecoin USDD depegs again and falls to $0.96. Tron blockchain's native algorithmic stablecoin failed to repeg against the US dollar following the collapse of crypto exchange FTX.

TRON's weekly report revealed several promising developments  Some metrics supported a price surge, while RSI and other market indicators suggested otherwise TRON [TRX] published its weekly report on 10 December, which detailed all the developments related to the ecosystem over the last seven days.

Tron's Relative Strength Index (RSI) was overbought at press time TRX's metrics and market indicators strongly favored the bears   Tron's [TRX] price action of last week was extremely sluggish, as it registered negative growth. New data from CryptoQuant revealed that the upcoming days might be even worse, as TRX's RSI was in an overbought position.

The native cryptocurrency of Tron, TRX, has been going up over the last week of November. Even though this is good news, investors will also be happy with the latest weekly update from the network.

TRON's USDT inflow summed up to $1 billion in the last two weeks The rise in stablecoin inflow left TRX at a neutral spot as its development activity revived Decentralized platform TRON [TRX] registered an inflow of $1 billion USDT over the last two weeks.

TRON (TRX) took a heavy hit during the first half of November following unfortunate events such as the implosion of FTX, an exchange that was once considered the third largest in the world. According to data provided by Coingecko, from its $0.064 price on November 6, TRX went on a steady decline until it plummeted to $0.046 on November 14.