TRX skyrockets 80% in a day as South Korea erupts with "news"

The price of TRX has seen a strong explosion, rising 80% in just 24 hours, reaching a high of $0.44. This is the highest level that TRX has recorded since the beginning of 2018. This increase occurs against the backdrop of significant fluctuations in the cryptocurrency market, particularly the interest from investors in altcoin projects that had previously lost significant value.

Some factors contributing to this growth include the fully circulating supply of TRX and expectations that Grayscale will add TRX to their investment portfolio, which would bring legitimacy to this coin. Furthermore, the activities of Justin Sun, the founder of TRON, have also attracted attention from the community, leading to strong interest from investors. In South Korea, cryptocurrency trading volume has also surged, indicating a rotation of investors into high-momentum altcoins, including TRX.