Tron holders planning to cut losses might be relieved to know this update

Justin Sun announced an agreement with FTX that would allow TRX holders to swap their assets In lieu of this, social engagements and mentions for Tron increased along with its weighted sentiment On 10 November, Justin Sun, the founder of Tron TRX, announced that Tron would soon reach a special agreement with FTX that would

Timeline of Tron

The Securities Commission of The Bahamas has frozen all non-US assets belonging to Sam Bankman-Fried's collapsed crypto exchange FTX. “Today, the Securities Commission of The Bahamas took action to freeze assets of FTX Digital Markets and related parties, read the statement.

Tron's native token (CRYPTO: TRX) has surged as much as 400% in just one day, as users struggle to withdraw funds from crypto exchange FTX (CRYPTO: FTT). What Happened: This comes as an aftermath of the deal struck between H.E.

On Thursday, at approximately 12:48 p.m. (ET), the embattled exchange FTX revealed that it has created a special facility with Tron. The deal allows holders of specific Tron-based coins to withdraw the tokens to external wallets on a 1:1 ratio. While coin market aggregation sites say tron tapped a high of $0.

Tron's stablecoin USDD de-pegged following significant USDD conversions to USDT and USDC TRX has since recorded massive coin distribution leading to a further price decline amid the FTX debacle Amid the general cryptocurrency market's decline due to the collapse of FTX, Tron's [TRX] algorithmic stablecoin Decentralized USD (USDD) fell from its $1 peg.

TRX ditched its low volatility phase after the broader market pulldown Barring an exception, the crypto's funding rates on most exchanges depicted a bearish edge In challenging its compression phase within the $0.061-$0.

Once a week, the official Tron Twitter account would tweet out an update for the world to see. The events of the past week, the post claims, have provided Tron with new possibilities.

Tron [TRX] recently published its latest weekly report, which discussed all the necessary and notable community developments over the last seven days.  ?Check out #TRON  Highlights from this week (Oct 29, 2022 – Nov 4, 2022).

With the recent general market price rally, Tron [TRX] traded at a five-day high of $0.06382 on 5 November as per data from CoinMarketCap. The cryptocurrency stood at rank #15 by market capitalization.

TRON network recently released its latest weekly update, one that you might want to look into especially if you are a TRX trader/investor. In fact, some argue that these developments might influence the demand for TRX going forward.

Tron, a decentralized, open-source blockchain-based operating system with smart contract functionality, recently released its monthly report for the month of October. There, the company behind the cryptocurrency TRX highlighted some of the developments that gave its ever-supportive community plenty of reasons to celebrate.