Cointime

Cointime

Download App
iOS & Android

Tron Crypto Hits New High Above $0.43 Amid Broader Altcoin Surge

Cointime Official

From decrypt by Vince Dioquino

Tron. Image: Shutterstock

TRON's TRX token has reached its highest record price, beating out a seven-year high amid an explosive rally that saw it reach just above $0.43.

Tron swelled by 81% on Tuesday, pushing its market capitalization beyond $35.1 billion, CoinGecko data shows.

It coincides with other cryptos, including XRP’s and Hedera’s (HBAR) push this week as investors speculate on shifting regulatory winds in the U.S.

By contrast, market-leading cryptos such as Bitcoin and Ethereum remain little changed over the same period.

  Funds are moving out of Bitcoin and newer tokens, including meme coins, into older projects, many of which are fully circulated and have lost significant value since their peaks, Decrypt was told.

“Most older projects are fully circulated and have dropped over 90% from their peaks, allowing small amounts of capital to significantly boost prices and attract market liquidity,” Pat Zhang, head of WOO X Research, said.

The analyst pointed to several catalysts, including speculation around Tron’s potential inclusion in Grayscale's investment assets, which Zhang argues adds a layer of institutional legitimacy. In October, Grayscale revealed TRX as one of 35 tokens under consideration, with updates on potential inclusions scheduled quarterly.

Beyond the Grayscale speculation, TRX's rise has been fueled by Tron founder Justin Sun's high-profile actions, including a $30 million purchase of WLFI tokens tied to a project associated with the Trump family and becoming an advisor.

Additionally, Sun’s playful stunt involving the conceptual artwork "Comedian" sparked community engagement and indirectly boosted related tokens like BAN, Zhang said.

Launched in 2017 after a $70 million initial coin offering in September of that year, TRON is supported by Sun's Singapore-based Tron Foundation. It operates as a high-throughput blockchain platform designed to rival Ethereum. 

At its core, TRON claims to reshape digital content distribution by eliminating intermediaries like YouTube and Facebook, creating direct connections between creators and consumers.

Tron meme coins

While Meme coins elsewhere are seeing a slight dip, those based on the Tron blockchain are benefiting from heightened investor interest.

Of the top 10 meme coins on Tron, FoFar (FOFAR) has seen the most gains, eking out 240% in the past 24 hours. 

Its market cap has more than tripled over the same period, though this is far from its initial run of $25 million as its price hit $0.025 when it launched in August, data from CoinGecko shows.

Volume data on the same chart points to Sundog (SUNDOG) retaining its top position, sustaining over $163 million worth of trades at a market cap of $172 million. 

  Tron Bull Coin (TBULL) also shows a notable surge of 71.7%, with its market cap more than doubling in a day, jumping from $13.4 million to $27.9 million.  

Comments

All Comments

Recommended for you

  • Amazon Shares Surge 15.2%, Biggest Gain Since 2012

    On July 31, Amazon shares surged 15.2% to $271.255 per share, marking their biggest gain since 2012, with a total market value of $2.92 trillion.

  • US Treasury Secretary Bessent Vows to Track Down Iranian Assets Globally for Terror Victims

    US Treasury Secretary Bessent said the US will actively track down Iranian assets worldwide to ensure compensation funds for victims of Iran-backed terrorist activities. Bessent stated that the US government's military and economic blockade measures against the Iranian regime will continue and will not be relaxed. (Jinshi)

  • Apple Plunges Nearly 10%, Q4 Revenue Guidance Misses Expectations

    On July 31, Apple (AAPL.US) plunged nearly 10% to $300.33, marking its biggest drop since April 2025. In terms of fundamentals, Apple's third-fiscal-quarter revenue rose approximately 16% year-over-year to $109.42 billion, slightly above analyst expectations. Among the details, product revenue came in at $78.68 billion, beating the expected $77.25 billion. However, services revenue—a key driver of its valuation re-rating in recent years—totaled $30.74 billion, missing the consensus estimate of $31.36 billion. Additionally, Greater China revenue reached $18.82 billion, with year-over-year growth slowing to 22%, also below analysts' forecast of $19.58 billion. During the earnings call, Apple guided fourth-fiscal-quarter revenue growth in the range of 9% to 11%, overall below the 12.1% analysts had expected. CFO Parekh noted that component supply constraints would impact iPhone, Mac, and iPad businesses in the fourth fiscal quarter, with currency fluctuations also constraining growth.

  • Three Fed Officials Back Rate Hike, Hawkish Pressure Builds

    On July 31, three Federal Reserve policymakers said that dissenting votes in favor of a rate hike this week stemmed from stubborn inflationary pressures, highlighting rising internal pressure on Fed Chair Warsh to act. In statements released Friday morning, Hammack and Kashkari said they worry that although the current round of price increases may stem from short-term factors such as President Trump's tariff policies and the Iran war, the inflation situation already warrants Fed action. Logan also joined in, saying that even if inflation cools, if the Fed does not raise rates, inflation is unlikely to fully fall back to the Fed's 2% target; without any policy constraints, inflation could continue to run above target until an unexpected shock occurs. Kashkari said that if inflation remains persistently stubborn, he might support a series of rate hikes, not just a single increase, to prevent inflation from becoming further entrenched. He said: "A series of small policy adjustments may be preferable to waiting for developments to unfold and ultimately having to take more forceful action." Hammack said that if the Fed does not tighten policy, price increases could continue to accelerate. She said: "Inflation has been stubbornly above 2% for more than five years, and I have no confidence that it will return to our target on its own." (Jin Shi)

  • US 10-Year Treasury Yield Rises to 4.7388%, Highest Since January 2025

    On July 31, the US 10-year Treasury yield rose to 4.7388%, the highest level since January 2025.

  • Spot Gold Intraday Decline Widens to 2%, at $4,021.08 per Ounce

    On July 31, spot gold's intraday decline widened to 2%, reported at $4,021.08 per ounce.

  • BTC Falls Below $63,000

    Market数据显示，BTC has fallen below $63,000, currently reported at $62,985.99, with a 24-hour decline of 2.99%. Market volatility is significant, please exercise risk control.

  • Fed's Logan: Leaning Toward 25 Basis Point Rate Hike

    On July 31, Federal Reserve Governor Logan said she leans toward a 25 basis point rate hike, believing inflation has not yet entered a sustainable path back to the Fed's 2% target. Logan stated that taking moderate action now would reduce the risk of needing more aggressive tightening in the future, while emphasizing that the Fed cannot rely on unexpected shocks to achieve its inflation target.

  • Fed's Logan: Taking Modest Actions Now Reduces Likelihood of Needing Stronger Action Later

    On July 31, Dallas Fed President Lorie Logan said that taking modest actions in the near term would reduce the likelihood of needing to take stronger action in the future.

  • Philadelphia Semiconductor Index Erases 5% Gain, Turns Lower

    On July 31, U.S. chip and semiconductor stocks rapidly weakened, with the Philadelphia Semiconductor Index wiping out a 5% gain and turning lower. Micron Technology, which had risen 6%, is now down 4.2%. SanDisk, which had gained nearly 10%, is now down over 6%. SK Hynix and Seagate Technology, which had risen over 8%, are now down 2%. TSMC, which had gained 4%, is now down nearly 1%.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company