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Justin Sun’s ‘new’ Tron [TRX] on Trade Satoshi, but loses out on rankings!

Priyamvada Singh



Justin Sun's 'new' Tron [TRX] on Trade Satoshi, but loses out on rankings!
Source: Pixabay

Justin Sun, the Founder of Tron and a major Twitter fanatic, has tweeted yet another post announcing the re-opening of frozen TRX token on Trade Satoshi, during the TRX migration. The ‘new’ TRX is available for trade on Trade Satoshi with Bitcoin, Dogecoin, Litecoin, Ethereum, and Bitcoin Cash.

Trade Satoshi is a Bitcoin and Altcoins exchange platform that offers fast speed through its comprehensive DDoS Mitigation. It also provides cold storage, encrypted wallets, and live backup to maintain a secure crypto-trading space.

On June 25th, TRX mainnet launch took place with a number of events preceding it; Super Representative Elections, coin burning, coin swap for TRX migration were some of the focus events leading to the launch.

Despite the successful mainnet launch, the TRX token lost its 9th position and stepped down to 11th. It was overtaken by Tether [USDT], that managed to climb above TRX and IOTA which remains on the 10th position.

To carry the TRX migration process, exchanges, one after another are initiating TRX token swap. The two latest coin swaps that occurred at a 1:1 ratio are Upbit and, according to Justin Sun’s Twitter handle.

Throughout the mainnet launch preparation period, Tron has also been listed on several significant exchanges, like, Binance, Bithumb, OKEx, Coinegg, Zebpay, Bittrex, HitBTC, Koinex, among others.

In the crypto-market, TRX prices have experienced rapid fluctuations for a few substantial months now. At the time of writing, TRX price appears to be sliding lower, trading at $0.038 with a market cap of about $2.56 million. The past 24 hours have seen a change of -4.95% and a trading volume of almost $207 million.

Steven, a crypto-enthusiast and Tron follower on Twitter wrote:

“Hey Justin, when will we see a working Tron product? i.e. what can normal people do with Tron?”

To which, another follower, KoinMosh replied:

“Brooo. They JUST released the working mainnet. That’s the product.”

Ninja Matt, a concerned crypto-user also commented:

“Shouldn’t all exchanges remove ETH-TRX trading pairs as well as removing ETH trading pairs from OCN, etc and replacing with TRX trading pairs? Seeing as how these are no longer on Eth but on TRX network?”

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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.