Tron's TRX Bumps 27% as DAO Deploys $220M for Token Purchase

Tron's TRX Bumps 27% as DAO Deploys $220M for Token Purchase


Earlier this week, Tron founder Justin Sun deployed over $2 billion as traders seemed to short TRX. Funding rates – or the interest paid by traders to borrow capital for a trade – to short, or bet against, TRX futures reached a whopping 500%. Sun said the capital was intended to “fight them.”

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