TRON’s Latest Upgrade Sends TRX Soaring – Market Insights Revealed!

By: ethnews|2025/05/03 17:00:02
0
Share
copy
TRON’s latest upgrade drove a 7.2% surge in TRX price within the first hour of its announcement.Trading volumes spiked by 43%, totaling 1.2 billion TRX traded on major exchanges like Binance and OKX.TRON’s recent software upgrade has triggered a sharp increase in the price of its native token, TRX. Following the announcement by Justin Sun, the founder, TRX surged by 7.2%, climbing from $0.122 to $0.130 within the initial hour.Source: TRX/TradingviewTrading activity spiked as well, with a 43% rise in volumes amounting to 1.2 billion TRX traded across major platforms such as Binance, OKX, and KuCoin.Simultaneously, data from TronScan illustrated a 15% upsurge in transaction volume, surpassing 5.8 million transactions processed on the TRON network by 1:00 PM UTC. These metrics underscore the heightened market interest and increasing adoption of TRON’s latest updates.However, amid the positive market response, a significant issue surfaced as the official Twitter account of TRON DAO fell victim to hacking. Exploiting the compromise, hackers initiated a scam to defraud unsuspecting users of their funds.Justin Sun reacted promptly by contacting OKX, a prominent crypto exchange, urging them to freeze any assets associated with the fraudulent activity. In his communication, Sun emphasized the urgency of swift action to prevent further financial harm.In addition to engaging with OKX, Sun also enlisted law enforcement agencies to aid in tracking and recovering the stolen funds. Addressing the perpetrators directly, he appealed for the return of the funds, pledging to redistribute any recovered assets back to the affected community. Specific wallet addresses and transaction details were shared to facilitate the investigation.Looking ahead, TRON confronts the dual challenge of advancing its technological capabilities while managing the aftermath of this security breach. While the recent upgrade showcased a positive crypto market, the incident underscores persistent security vulnerabilities within the cryptocurrency domain.Source: TRX/TradingviewAs of the latest data, TRON (TRX) is trading at $0.2463, experiencing a slight daily decline of 0.61%, but maintaining a solid monthly gain of over 5% and an impressive yearly surge of 101%. TRX has recently broken out of a consolidation zone and a key psychological resistance at $0.25, signaling bullish momentum supported by a breakout from a downward trendline. The price is currently hovering near resistance, with the possibility of a breakout toward $0.282, $0.32, $0.37, and even $0.43, as long as it stays above the $0.24 support.Technical indicators are neutral overall, with a slight bullish tilt. ETHNews analysts note that TRX continues its macro bullish trend after a 127-day accumulation phase, and current patterns—like a forming cup—suggest further upside potential. However, bearish scenarios remain possible if the $0.24 level is lost, which may drive a short-term correction.The post TRON’s Latest Upgrade Sends TRX Soaring – Market Insights Revealed! appeared first on ETHNews.

-- Price

--

You may also like

Should You Buy Bitcoin Now? What the Data Says After a 50% Pullback

Should you buy Bitcoin now? Explore Bitcoin's nearly 50% pullback, ETF outflows, on-chain data, Strategy's BTC sale, and historical trends to assess whether July 2026 is a buying opportunity.

Founder of Baixing.com: I believe half of the statement that large language models devour everything

The internet has been shouting for so many years about devouring everything. Has it really devoured everything now? Is it the internet that devours everything, or is it the large models that devour everything? Both are devouring, and nothing is left?

A "legal" robbery? Attackers emptied the BonkDAO treasury by buying tickets

Handing over the keys to the vault to a public vote where "anyone can spend money to participate," without sufficient oversight mechanisms, even the most legitimate governance ideals may turn into the most convenient tools for attackers.

How has Binance's stock business performed in the 30 days since its launch?

Emerging market buying supported the first wave of demand.

WEEX P2P now supports BDT & LKR—Merchant Recruitment Now Open

To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Bangladeshi Taka (BDT) and Sri Lankan Rupee (LKR) are now available on WEEX P2P!

Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...

July 6 Market Important Events Overview

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com