Tron's TRX jumped more than 140% on crypto exchange FTX after it was announced that Tron-based assets could be moved to external wallets. HeleneBraunn reports
TRX, the native token of the Tron network, surged over 140% on cryptocurrency exchange FTX, from 12 cents to 29 cents after Tron founder Justin Sun agreed to move Tron-based assets from FTX to external wallets.
“We are pleased to announce that we have reached an agreement with Tron to establish a special facility to allow holders of tron , bittorrent , just , sun and huobi token to swap assets from FTX 1:1 to external wallets,” FTX“We hope this is just step one: beginning to find ways to bring liquidity to users,” FTX founder Sam Bankman-Fried
on Twitter. “That is the core thing that I am fighting for right now, and will continue to fight for in whatever ways I can.”to a 24-hour high of $2.50 on speculation that Tron-based assets would be redeemed on a 1:1 basis by Sun, but fell back to near zero levels later in the day.and fell as low as 97 cents on multiple crypto exchanges. USDD was recently trading at 98 cents. Stablecoin competitor tether also lost its peg briefly and dropped to 97 cents, but has rebounded since.
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