At the time of press, the coin was valued at $0.0255 with a market cap of $1.7 billion. The coin registered a 24-hour trade volume of $280 million with a fall of 8.22% over the past 24 hours. The coin was still falling by 5.30% while reporting and has noted a dip of 4.78% over the past week.
Tron [TRX] has had this phase where it suddenly falls by a massive margin and immediately starts recovering. On January 27, TRX’s market cap peaked when it hit $2 billion in terms of market cap, after which it fell tremendously and recorded a market cap of $1.788 billion on the very next day.
The coin noticed two more such falls, on January 28 when it fell in terms of market cap as it reached $1.734 billion after which it saw a sideways movement. However, again on January 31, the coin fell massively with over 5% in an hour.
The coin was highly traded on OEX recording a volume of $66.74 million with OEX TRX/ETH pair. The second exchange to record the second highest volume was Huobi Global, which registered a volume of $22.67 million with TRX/USDT.
TRX had had its moment of pumping around the niTron summit and close to BitTorrent [BTT] token launch. Tron foundation’s founder and Chief Executive Officer [CEO], Justin Sun had offered to airdrop BTT token for the willful investors who wanted to purchase the BTT token and were unable to do so due to a certain glitch in the system. Sun had tweeted:
“I would like to explore the possibility with @binance to giveaway free $BTT to everyone on launchpad fails to get #BTT today. #BitTorrent community wants you! Not 100% guarantee. Need to figure out detail. BUT RT if you agree! @cz_binance #TRON $BNB $TRX”.
Sun tweeted about the completion of this airdrop the very next day. However, that hasn’t protected its cryptocurrency, TRX from the loitering bear.
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