Odaily Planet Daily reports that BTC Markets cryptocurrency analyst Rachael Lucas stated: "The recent rise of Tron (TRX) seems to be partly influenced by the political instability in South Korea. TRX is a widely used transfer token among exchanges, especially in South Korea, making it a tool for traders looking to quickly transfer funds across platforms." Lucas noted that Upbit's trading restrictions might prompt traders to seek alternative solutions for asset transfers, thereby increasing TRX's trading volume. Upbit sometimes accounts for over 80% of the country's spot trading volume. Meanwhile, Presto Research analyst Min Jung indicated that while political events may have played a role in Tron’s rise, the increase is unlikely to be entirely driven by such events. "This could also be part of a broader 'Dino rotation', where traditional cryptocurrencies like XRP have been rising under current market conditions," Jung said. (The Block)