Justin Sun, Founder of the famous cryptocurrency Tron, has tweeted the mainnet asset swap for TRX holders on Gate.io; at a 1:1 ratio. Gate.io has re-opened the deposit and withdrawal functionality.
Sun, in his tweet, wrote:
“Gate.io has swapped the #TRX mainnet asset at a 1:1 ratio for TRX holders and provides the long-term conversion services of ERC20 to mainnet asset. @gate_io has now re-opened the function of deposit and withdrawal.”
Gate.io is a China-based cryptocurrency exchange that came into being in 2017. It was started for a hassle-free trading experience in big and small coins, including those that are hard to find. Gate.io offers trading pairs of TRX/USDT and TRX/ETH at the moment.
Recently, TRX token migration gathered a lot of big exchanges supporting the event. They include LoMoStar, Bihuex, CEO.bi, Koinex India, Bitbns, Cryptopia, Binance, Huobi.Pro, and other well-renowned platforms.
In the period prior to the mainnet launch of the TRX token, the prices have been in a phase of rapid fluctuation. In the span of one month, TRX has gone up to as high as $0.076 with a market cap of almost $316 million; it has also dropped down to a low of $0.039 with a market cap of over $242 million.
A Twitter user and crypto-trader, Eric commented:
“TRON’s mainnet was launched by TRON Independence Group based on community consensus at 10:00 on June 25, 2018 (Singapore time), and has been running smoothly ever since.”
Subscribe to AMBCrypto’s Newsletter
WAVES/BTC sees dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order
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.
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:
1min WAVES/BTC flash crash on Binance (from 5200 sats to 1 sat) pic.twitter.com/C9WAGyjwp9
— BTCVIX (@BTCVIX) April 17, 2019
TradingView commented on this matter saying:
“Something strange is always happening in the #crypto market”
Subscribe to AMBCrypto’s Newsletter
XRP shorts overtake XRP longs as USD shorts increase 85 percent on April 17
Gemini’s Winklevoss twins and Charlie Shrem reach settlement in long-standing Bitcoin deal
Bitcoin [BTC] will take another 22 years to regain its all-time high, says research analyst
What is USDQ and Q DAO?
Binance coin [BNB] registers growth over 5% following Binance’s DEX launch hint; XRP too spikes by over 5%
Bitcoin SV [BSV]: John McAfee ‘sues Calvin Ayre in four different countries’; vows to bankrupt him
Cardano [ADA]: Proof of Stake [PoS] throws away expensive process & advances the network, says Charles Hoskinson
Cardano [ADA]: We will emerge from 2019 more decentralized than any other network, says Charles Hoskinson
Bitcoin [BTC]: Don’t buy into it if you are not ready to be rekt, warns Richard Heart
XRP takes another step into mainstream adoption as Skype hints a possible integration
Japanese ‘Amazon’ Rakuten opens registration for trading cryptocurrencies on Rakuten Wallet
Breaking: SBI Virtual Currencies delists Bitcoin Cash [BCH] in response to Binance’s Bitcoin SV delisting
Is John McAfee among crypto adherents who knows Satoshi’s true identity?
Bitcoin [BTC], Bitcoin Cash [BCH] accepted as payments by Corporate Traveller following tie-up with BitPay