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Tron grazes $0.1 – TRX holders receives full support from Bitfinex

Sthuthie Murthy



Tron [TRX] lands at $0.1 - the only exception in 20 receives full support from Bitfinex
Source: Pixabay

According to Justin Sun’s continuous chain of notices and posts, the migration of ERC20 tokens to the public blockchain is scheduled on 21st June, UTC/GMT +8:00 right after the Mainnet launch on 31st May. Justin Sun, the founder of Tron [TRX], has begun the countdown for the mega launch from yesterday keeping the market waiting with polished nails.

As a prevention, he had given out notices regarding the migration to all the exchanges way prior, earlier this month. Many exchanges had come forward to support this biggest launch for Tron considering it to be the most important one. Bittrex was one exchanges that announced Mainnet launch support for Tron a few weeks ago following Bit-Z’s announcement for the same.

The next exchange to extend its supportive hand is Bitfinex, one of the leading exchanges across the globe based in the U.S.

They tweeted today morning:

“Bitfinex will provide full support for all TRX holders to ensure a smooth token migration in June.”

They also mentioned in their blog post clarifying, between 21st June and 24th June, all TRX withdrawals will be suspended from Bitfinex. Deposits and withdraws will be suspended on 25th June and will resume on June 26th. TRX trading will not be affected by this.

They have declared complete support for all TRX token holders and to ensure a smooth migration, they gave their word saying any associated tasks with TRX migration will be handled by them automatically.

Justin Sun tweeted the good news:

“Another exchange Bitfinex supports TRX migration. Thanks for the support to Tron.”

Tweet by Justin Sun

Tweet by Justin Sun

Jean, a Twitterati says:

“Justin you are in the strongest sense of the term, a role model. One who leads by example. Please keep up the good work.”

A majority of the supporters are anticipating and questioning about support from Binance, the world’s largest trade exchange for cryptocurrencies for the Mainnet launch after the Bitfinex news. With a handful of exchange listings coming their way as the Mainnet launch approaches, TRX prices are shooting sky high. There is no setback for the team and the lines look clear.

TRX is currently trading at %0.092 following a 56.05% gain over the week. The entire top 20 list of coins have been dipping in value since the last 24 hours while TRX is the only green highlight with 4% gain. Yesterday at 17:45 UTC, TRX touched $0.100 on Bitfinex, its all-time high price before slightly declining. The figures are still positive and are moving upwards as observed from the charts.

TRON price chart

TRON price chart

The current market cap is $6.11 billion, holding Tron in the 9th position quiet stable with its recent competitor NEO, struggling to rise after 9% price fall and a market cap reduction which is now worth $5.28 billion.

Maleeka Sheena, a Tron enthusiast tweeted:

“So many factors like listings, supports, SR election and what not affecting TRX positively. I can’t believe TRX is the only green coin right now in the red flood market. Excellent efforts by Justin and team, proving and reflecting their hard work day by day.”

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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.