- TRX trends with over 5,400 tweets as enthusiasts discuss the latest developments.
- TRON founder Justin Sun hints at the launch of a Hong Kong stablecoin on TRON.
- The TRON community burns over 18 million tokens worth over $1.2 million.
In the last 24 hours, TRON (TRX), the blockchain-based decentralized operating system, has been trending on Twitter with over 5,400 tweets as investors and enthusiasts discuss the crypto’s latest developments.
The surge in interest was likely due to many factors, including a recent tweet from the TRON blockchain founder, Justin Sun, hinting at the possibility of launching Hong Kong dollar-pegged stablecoin on the network. “HK stablecoin on TRON soon,” Sun tweeted, with over 180k impressions on the post.
Earlier this year, Justin Sun, who doubles as an advisor for the Huobi crypto exchange, set an ambitious goal to make TRON an official payment service in five countries by the end of 2023.
Notably, the TRX founder has already made progress toward his goal with two Caribbean nations, Dominica and Sint Maarten, adopting TRX and six other Tron-based cryptocurrencies as legal tender.
According to data from the popular market tracking website, CoinMarketCap, TRX ranked 15 among coins with the most significant market share in billion dollars despite trading far below a dollar. Crypto traders bought and sold $176 million worth of the token in the last 24 hours.
Yesterday, the TRON community burned a whopping 18.2 million TRX, worth over $1.2 million, showcasing its commitment to deflation and value growth. The cumulative TRX token burned so far this week is about 80 million. Nonetheless, TRX still has a circulating supply that nearly exceeds 90 billion units, according to CoinMarketCap.
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