The current trading price of $TRX, the native token of the Tron blockchain, is $0.41 and this price level is 87% higher in the last 24 hours.
Notably, in the last 24 hours, $TRX traded at its low of $0.22 and high of $0.44, which means a 100% net increase in the price level.
The last all-time high of this cryptocurrency was $0.28, but now the all-time high is $0.44 and it is possible that this level is just the beginning and probably the trading price of this cryptocurrency can reach $10.
Justin Sun, the founder of the Tron blockchain, has already shown his confidence in his cryptocurrency following the similar surge in Ripple’s $XRP cryptocurrency.
However, many people called this sudden price increase price manipulation. Some people claimed that Justin was pumping his token using his monetary power. On the other hand, TRX coin enthusiasts are happy with this pump, regardless of the manipulation accusations.
Regardless of the accusations against Justin, in the current situation, Justin is very happy and says that it is just the beginning. He indirectly hints that he is very bullish on the current bullish sentiments.
Justin Sun and the controversy
Justin Sun is very popular in the crypto space for his success and alleged manipulation in the crypto space. Last year, the US securities regulator accused Justin of promoting his Crypto projects in the US jurisdiction without any regulatory approval.
Justin often denies all types of accusations imposed by the SEC body against him.
In October of this year, Sun was elected “President of Congress” and named “Prime Minister” of Liberland, a micronation (self-proclaimed country).
Liberland is a very small region on the Danube River floodplain border between Serbia and Croatia.
Also read: Donald Trump names pro-Crypto SEC president: Report
