Tron’s BitTorrent [BTT] token grabs the sixth position in terms of trading volume; XRP, TRX left behind

The new coin in the cryptocurrency market, BitTorrent [BTT] token has been widely accepted by many from the Tron [TRX] community and other exchanges. The coin which was released just last month is already on the sixth spot in terms of 24-hour trading volume and is closing in on six times the pricing of its Initial Coin Offering [ICO] a week ago.

As of February 4, BitTorrent recorded a flash hike where it pumped by over 50% within hours. At the time of press, the toke was valued at $0.0011 while recording a market cap of $545 million which is more than that of XRP, Tron [TRX], Stellar [XLM] and Bitcoin SV [BSV] in the top 10. The coin has noted a growth of 54.37% in the past day, however, it is falling by 4.96% in the past hour.

The coin was highly traded on UPbit, which recorded a trading volume of $243 million with BTT/KRW pair. BTT recorded a trading volume of $144 million with BTT/USDT pair on Binance, followed by a trading volume of $111 million on the same platform with BTT/BTC pair.

BTT’s sale came to an end on January 28 in record time through Binance’s platform, which recorded a sale of 59.8 billion tokens. However, there were some technical glitches that baffled users, due to which Justin Sun, the founder and CEO of Tron, which had acquired BitTorrent, announced:

“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”.

After which the CEO and founder of Tron foundation, Justin Sun announced the successful airdrop of 5,000 BTT. Sun tweeted:

“#BitTorrent (#BTT) has completed an airdrop of 5,000 $BTT to all users that were eligible but unsuccessful in purchasing BTT on @binance Launchpad. #TRON #TRX $TRX”