At the heart of the cryptocurrency world, TRON’s founder Justin Sun continues to experience new developments with his HTX DAO. Innovations in the DAO are emerging, and the latest investment news about the organization has brought great excitement to investors and the cryptocurrency world.
Latest Developments in Sun’s HTX & TRON
Blockchain initiative HTX, which is said to represent development and change in the field, recently made an announcement about its DAO called HTX DAO. It seems to be leading a development in the crypto and DeFi world. The DAO became active as of January 18, and with this, the platform now appears to be moving towards a more transparent and efficient economic structure.
In particular, the DAO’s entry into the crypto world was directly related to investment planning. According to an announcement by the DAO at X, HTX DAO will receive significant support from its founding group HuobiHTX and TRON.
On the other hand, the announcement made by Huobi HTX was even more exciting. It was stated that the cryptocurrency exchange would transfer 50% of its revenues to the HTX DAO liquidity. Meanwhile, TRON took a step parallel to Huobi’s donation and announced that 50% of its funds would be donated.
In light of all these, investors have started to closely follow TRX, the native token of Justin Sun’s TRON blockchain, depending on the developments mentioned above.
TRX Price Declines
As of the time of writing, TRON was experiencing unremarkable price movements. In the last 24 hours, there was a slight decrease of 0.93%, indicating a stable structure for investors. As of the time of writing, it is finding buyers at the level of $0.108. Meanwhile, the weekly price of the TRX token reflected an increase of 6.51%, while the monthly rise was at 0.78%.
On the other hand, following the announcement and launch of HTX DAO, the excitement that the planned supports for the project could create is expected.
The hope that this situation will trigger a significant increase in Sun’s token TRX continues to be maintained among investors. Yesterday, the trading volume for TRX experienced an increase of 18.12%, reaching $269.55 million, reflecting the thought that excitement among investors may have started to increase in the cryptocurrency world.
