Will TRON price surge after Justin Sun’s exclusive meeting with Trump?
The post Will TRON price surge after Justin Sun’s exclusive meeting with Trump? appeared on BitcoinEthereumNews.com. Justin Sun met Trump, fueling speculation around TRX ETF approval. Tron leads in USDT volume, processing $118B in a single day. Technical patterns hint at a bullish breakout above $0.3112. Tron (TRX) kept to a tight trading range on Friday, with little initial response following crypto millionaire Justin Sun’s appearance at an intimate dinner with ailing former U.S. President Donald Trump. TRX traded at $0.2680, just shy of this week’s high of $0.2805. The token has been consolidating since January, and while the media had been abuzz with Sun’s visit to the VIP dinner, the market reaction was subdued. Justin Sun’s Connection and Trump Coin Association This was Sun’s first in-person meeting with Trump, according to The New York Times. While it is uncertain if they did have a one-on-one private conversation, Sun stated that he wanted to discuss the future of cryptocurrency in the U.S. Justin Sun is also the most significant owner of the Trump Coin and a key investor in World Liberty Financial, a venture closely associated with Trump’s crypto investments. In turn, World Liberty has invested more than $10 million in TRX tokens, indicating a close monetary connection between the parties. This indirect relationship with Trump has fueled speculation that a spot TRX ETF, just submitted by Canary Capital, may get preferential treatment from regulators as an achievement that would represent a milestone for Tron within the United States’ crypto market. But this would also be contentious, considering Sun’s Chinese citizenship and Trump’s focus on “Made in the USA” policies. Strong Network Performance and Stablecoin Dominance In spite of the price stagnation, Tron’s network fundamentals are strong. Tron is the second most profitable blockchain in 2024, raking in $1.3 billion in transaction fees, outdoing even Ethereum and Solana on certain metrics. Most significantly, Tron dominates USDT…
The post Will TRON price surge after Justin Sun’s exclusive meeting with Trump? appeared on BitcoinEthereumNews.com.
Justin Sun met Trump, fueling speculation around TRX ETF approval. Tron leads in USDT volume, processing $118B in a single day. Technical patterns hint at a bullish breakout above $0.3112. Tron (TRX) kept to a tight trading range on Friday, with little initial response following crypto millionaire Justin Sun’s appearance at an intimate dinner with ailing former U.S. President Donald Trump. TRX traded at $0.2680, just shy of this week’s high of $0.2805. The token has been consolidating since January, and while the media had been abuzz with Sun’s visit to the VIP dinner, the market reaction was subdued. Justin Sun’s Connection and Trump Coin Association This was Sun’s first in-person meeting with Trump, according to The New York Times. While it is uncertain if they did have a one-on-one private conversation, Sun stated that he wanted to discuss the future of cryptocurrency in the U.S. Justin Sun is also the most significant owner of the Trump Coin and a key investor in World Liberty Financial, a venture closely associated with Trump’s crypto investments. In turn, World Liberty has invested more than $10 million in TRX tokens, indicating a close monetary connection between the parties. This indirect relationship with Trump has fueled speculation that a spot TRX ETF, just submitted by Canary Capital, may get preferential treatment from regulators as an achievement that would represent a milestone for Tron within the United States’ crypto market. But this would also be contentious, considering Sun’s Chinese citizenship and Trump’s focus on “Made in the USA” policies. Strong Network Performance and Stablecoin Dominance In spite of the price stagnation, Tron’s network fundamentals are strong. Tron is the second most profitable blockchain in 2024, raking in $1.3 billion in transaction fees, outdoing even Ethereum and Solana on certain metrics. Most significantly, Tron dominates USDT…
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