PANews December 4 news, according to The Block, Tron (TRX) has risen about 80% in the past day, partly due to recent political turmoil in South Korea. The emergency martial law declared by South Korean President Yoon Suk-yeol has triggered market fluctuations, and South Korea is one of the most active cryptocurrency markets in the world.
Analysts point out that TRX is a commonly used transfer token across exchanges, especially widely used in the South Korean market. The trading restrictions during martial law may prompt funds to shift towards using TRX for cross-platform transfers. Additionally, some market observers have mentioned that this price increase may also be part of the recent 'rotation of traditional coins,' resonating with the upward trend of established coins like XRP. Meanwhile, some analysts believe that the high supply ratio of TRX held by Tron founder Justin Sun raises questions about whether this surge is entirely market-driven.
