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Tron [TRX] pumps by almost 5% in an hour as coin recovers from major correction

Namrata Shukla

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Tron [TRX] pumps by almost 5% in an hour as coin undergoes correction
Source: Pixabay


Tron [TRX], the twelfth largest coin on CoinMarketCap, saw a sudden surge in its price and pumped by over 4% in an hour, at press time. The coin plunged by over 10% on June 8, pulling the price of the coin from $0.0322 to $0.0289. However, at press time, the coin was being traded at $0.0312.

Source: Trading view

Source: Trading view

According to Binance’s trading view chart, the token soared by 4.91% in an hour. The coin had been registering a growth of over 6% over the past six hours and was valued at $0.0312, with a market cap of $2.08 billion. The 24-hour trading volume of the token was noted to be $824.85 million. Over the past seven days, TRX fell by 15.50%.

TRX was highly traded on BW.com with TRX/USDT pair, as it reported a trading volume of $91.25 million. OKEx acquired the second and the third positions with TRX/USDT pair and TRX/BTC pair, respectively. The exchange reported a trading volume of $87.04 million with the former, and $46.71 million with the latter.

Tron recently announced its integration with the Loom Network, enabling it to utilize the power of networks more efficiently along with expanding its operations. Tron made the announcement on Twitter,

“Today we’re proud to announce that the TRON integration is officially live - making this the second chain we’ve integrated into PlasmaChain after Ethereum.”

However, the coin still has a few hurdles to overcome before it make its way back into the top 10.





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