Big dumping of TRON
TRON token has come to the highlights of trade volume in the past 24 hours. Nothing to strange according to the general dip in the crypto market but TRON has lost about 15% in value in the last hours and it is being sold a massive volumes on Asian exchanges like Binace, Huobi and Upbit.
More than a $100 million usd has been moved out from exchanges in the past days. The total cap of the crypto market has been suffering massives pull outs in capital due to multi million projects that got the hype of the climax around new years and now are losing the support if investors. As we could see now projects like TRON that raised millions of dollars in funding are getting hurt by the claws of the bear market, a moment when investors take the risk to the lowest and pulls out from less secure or stable investments. Crypto is a high risk market, when the bet for up folds got very attracting a couple months ago everyone put money in tokens and cryptocoins but now the crypto space seems to be full of alerts and money on a wary behavior.
Tron is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content.
Tron was founded in September 2017 by a Singapore based non-profit organization called the Tron Foundation. It is headed by CEO Justin Sun, and has a dedicated in-house development team that includes renowned technology stalwarts. This article explores the Tron network, its workings, and its cryptocurrency Tronix (TRX).
Thank you for reading.
Buen post 😎
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