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Reading: Justin Sun Sparks Interest in TRX’s Move to the Solana Ecosystem
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COINTURK NEWS > Solana (SOL) > Justin Sun Sparks Interest in TRX’s Move to the Solana Ecosystem
Solana (SOL)

Justin Sun Sparks Interest in TRX’s Move to the Solana Ecosystem

In Brief

  • The cryptocurrency market is stabilizing, offering some optimism to investors.

  • Justin Sun announced TRX's trading on the Solana network, drawing mixed reactions.

  • Current market conditions show Bitcoin around $85,000 with strong economic data emerging.

İlayda Peker
İlayda Peker 2 months ago
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Although a significant rise in cryptocurrency prices has yet to materialize, the recent stabilization of decline is somewhat encouraging. Just a few days ago, Justin Sun, the founder of Tron, teased the community with an announcement about a “great, big, massive thing.” Despite skepticism from some investors who thought he was joking, Sun officially declared their migration to the Solana $166 network.

Contents
Tron and SolanaCurrent State of Cryptocurrencies

Tron and Solana

TRX is now available for trading on the Solana network under the contract address GbbesPbaYh5uiAZSYNXTc7w9jty1rpg3P9L4JeN4LkKc. Despite having a circulating supply of $11.6 million, TRX could attract interest due to the robust DeFi infrastructure of the Solana network.

Is this announcement truly significant? That remains debatable; however, Justin Sun stated:

“TRX on SOL is live now! All liquidity is ready! LFG

Contract Address (CA): GbbesPbaYh5uiAZSYNXTc7w9jty1rpg3P9L4JeN4LkKc

No account hacks, this is a real collaboration with SOL, haha! TRX can now be purchased through the SOL chain!”

The TRX price, however, did not seem to react significantly to the announcement.

Current State of Cryptocurrencies

Bitcoin (BTC) $102,741 is hovering around $85,000, with Trump releasing a video message regarding cryptocurrencies today. He reiterated previous statements, emphasizing the need for Congressional support for stablecoin regulation.

TON announced it has secured $400 million in investments. Strong data regarding the U.S. housing market was reported. Considering Powell’s recent implication that the effects of Donald Trump’s tariffs are exaggerated, the supportive data is quite favorable. Although positive for stocks, BTC was still seeking support as this article was being prepared.

In the EU, Sefcovic from the European Commission indicated plans to postpone the first tariff package against the U.S. until mid-April. Normally, additional taxes would have been imposed on certain key products at the beginning of the month, with a subsequent tax expected to exceed $20 billion in impact by mid-month. As it stands, negotiations appear ongoing, and a softer U.S. tariff for the EU could be seen on April 2.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 20 March, 2025 - 7:08 pm 20 March, 2025 - 7:08 pm
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