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Tron (TRXUSD) Selling Pressure is Validated From the Pump & Dump Scheme

2024-12-29VSTARVSTAR
Tron (TRXUSD) Selling Pressure is Validated From the Pump & Dump Scheme

After an incredible rally to a seven-year high, the Tron price showed a counter impulsive pressure from the top, suggesting a possible trend reversal.

Grayscale Rumor: How Could the TRX Price Do?

Speculation regarding Tron's potential participation in Grayscale's portfolio of investments, which Zhang claims provides a layer of monetary legitimacy, was one of the catalysts mentioned by the analyst. Grayscale announced in October that TRX was one of the 35 tokens being considered, with periodic updates planned regarding possible additions.

In addition to the Grayscale rumors, Tron leader Justin Sun's high-profile activities, such as his $30 million acquisition of WLFI tokens linked to a project connected to the Trump family and his appointment as an advisor, have contributed to TRX's ascent.

According to Zhang, Sun's amusing stunt comprising the conceptual piece "Comedian" also encouraged community participation and subtly increased the value of associated tokens like BAN.

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