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TRON [TRX] caps the 4th trading volume position after its listing on Bithumb

Sthuthie Murthy



TRON [TRX] caps the 4th trading volume position after its listing on Bithumb
Source: Pixabay

Tron [TRX] is now listed on Bithumb, the most popular Korean exchange platform. After a long review, TRX is listed on the famous exchange officially by the Bithumb Cryptocurrency Deliberative Committee. They aim ‘to establish a decentralized entertainment ecosystem around the world’. The transactions are active on Bithumb and Bithumb Pro and have evidently affected TRX net volume in the past few hours. Bithumb is the second largest Korean exchange after Upbit.

Justin Sun, the Founder of TRON also tweeted a while ago stating:

“#TRON is listed on @BithumbOfficial @Bithumb_Korea Welcome trading #TRX in”

TRON [TRX] has increased in volume by almost 17% in the last 24 hours and is currently trading at $0.036. A constant increase is observed in the market with TRX volumes and positions ever since the listing news broke out. The market cap remains stable at $ 2.4 billion and is ranked 12th again after being in the 13th for a while. TRX is also trading at Upbit, the top Korean exchange as well as Binance and Bittrex.

Jacob Marley, a Twitter user says:

“Finally, I thought they’ll be hung up on the test net forever. TRX is finally associated to some other news and it is fresh. Justin looked too busy with his graduation and this comes out of nowhere. Well done, he wants to surprise everybody every time.”

Samrak Chaudhary, a blogger, and TRX trader commented:

“All this is fine, but what’s the point if the price is hung up on such low values. Do something to increase the value instead of over hyping one single thing for months. What is scary is every time Justin tweets, TRX goes down will it happen again now? I hope not cause I will say goodbye to TRX in that case.”

Juliet Grate, a Twitterati said:

“You guys one if the market maker accounts is almost dry 😮 yesterday it had 500m coins left to sell today it’s 120m Keep up the buying pressure so we can bleed this account dry and have real upwards momentum !!”

A few minutes later, Justin Sun tweeted TRX’s volumes increase which has placed it in the top 4th position in the world according to the trading volumes in the past 24 hours.

Justin Sun's tweet

Justin Sun’s tweet

Justin Sun tweeted again with the announcement of another pair listed on Upbit, the top exchange platform in Korea. According to the official announcement, TRX/KRW trading pair is now available in Upbit exchange platform.

Thomas Zinsavage, a Twitter user stated:

“Wouldn’t have mattered is my point. Bitcoins movement rules this space, I don’t like that, but you all need to accept that this is the way it is currently. Justin could announce he is god and it wouldn’t change price right now.”

Alwin Spurt, a crypto trader expressed his opinion:

“Been called it, market is bear.. not even test net changed that. Bitcoins movement currently runs the show unfortunately.”

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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.


WAVES/BTC sees dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order




WAVES/BTC hits a dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order
Source: Pixabay

Waves, the 29th largest cryptocurrency, hit lows against BTC on April 17, and users speculated that this could have been due to a massive sell order.

Waves, at press time, was trading a $2.71 with a market cap of $270 million and had a trading volume of $15 million. However, on April 17, the price of Waves hit rock bottom due to a massive sell-off similar to one that Ethereum witnessed a few years back.

Source: TradingView

As seen in the above chart, the price of Waves against BTC hit exactly 0.0000001 BTC, which amounts to 1 Satoshi. The volume for the said candle is also massive, further confirming a sell order of massive amounts. The coin has since increased by approximately 3% against Bitcoin in under 24 hours.

Crypto enthusiasts on Twitter couldn’t hold back their opinions as one user, @BitBitCrypto tweeted

“- $WAVES did not trade at 1sat, it traded at 10sat
– It is still a great project and with a huge potential
– This sell order has nothing to do with WAVES (the project)
– This trade wasn’t done on Binance web cause you can’t place this low, it was API
– I didn’t buy it at 10 sat”

Another user @BITCVIX tweeted:

TradingView commented on this matter saying:

“Something strange is always happening in the #crypto market”

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