As Tron continues to leave the crypto market bewildered, TRX has stunned with its volume surging as much as 200%. The token has been the talk of the industry so far this week. Indeed, the Justin Sun-created asset has proven to be a key player in the growing TRON blockchain.
Its meteoric rise has already seen it propelled into the Top 10 cryptocurrencies by market cap. It replaced Cardano (ADA), whose incoming hard fork is looking to increase it competition. However, interest in Tron doesn’t seem to be waning. Therefore, it bodes well for TRX’s chances to continue surging.
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TRX Volume Surges 200% as Tron Leaves Crypto Market Stunned
The crypto market has a new player in the top tokens. Indeed, Tron has been a notable story for traders so far in August. The asset has increased by 5% in the last 24 hours alone, according to CoinMarketCap. Moreover, its up 19% in the last month, trading at $0.16.
The token is fast approaching its $0.23 all-time high. That could be made even more possible as Tron continues skyrocketing in one specific area, as TRX has surged as much as 200% in volume. Indeed, data from CoinGlass notes the impressive increase, with the volume reaching $1.17 billion.
Also Read: Tron (TRX) Surges: Price Prediction For End of August 2024
Those figures show the bullish sentiment that TRX is facing as well as the increased activity. That activity has surged for crypto exchanges specifically. The data shows Binance is leading with $711 million in volume. Thereafter, ByBit, OKX, and BingX are next in line, with $181 million, $164 million, and $78 million respectively.
Justin Sun has already increased speculation about Tron’s growth potential. In a recent post to X (formerly Twitter), he noted the potential interest from meme coin developers. That would be monumental for the network. The market saw how much meme coin interest did for Solana in the first half of the year. Tron could be set to benefit in a similar way.
