Want to pump an asset’s market capitalization by more than 650 million in just two days? Then learn from Justin Sun.
The chief executive of Tron Foundation said last week that he would publish a big announcement after June 1. Nobody exactly knew what the revelation would be: a Godzilla or a Bambi, but the price of Tron’s blockchain token of the same encashed the hype pretty well.
The TRX rate today surged to $0.041 on Binance, its highest in 10 months. The move took Tron’s weekly gains to more than 55-percent, including a nearly 28-percent jump this weekend. The rise further assisted the blockchain project establishing a $2.71 billion market capitalization, up by 103-percent on a year-to-date basis.