Tron (TRX) price skyrockets on FTX
November 10, 2022
The price of Tron’s token TRX skyrocketed 4,000% on FTX briefly after the troubled exchange resumed TRX withdrawals.
TRX is currently trading at a 300% premium on FTX.
Earlier, Justin Sun had announced that they are working with FTX on a solution to bring “normalcy to FTX customers.”
Users on FTX are converting their funds into TRX and withdrawing them.
Some people are also speculating that this move could make FTX solvent.
At other exchanges, TRX is trading at $0.0562 and on FTX it is changing hands at 0.3130.
Earlier, Binance announced that it will not go ahead with the FTX deal.