While the bullish cycle is ahead of the market, it hasn’t turned out bullish for every altcoin network. Tron (TRX) has recently climbed to prominence through its founder’s strategic meme coin launch, bringing notable attention to the altcoin. Surprisingly, Binance Coin (BNB) is surrounded by lawsuits while the new entrant DTX Exchange is making news with its launch.
Given the current turbulent performance shown by the Tron (TRX) network, its founder, Justin Sun, recently launched a new meme coin platform. SunPump has gained instant attention with the Sundog launch, shooting off Tron (TRX) to new growth avenues. This sudden success is poised to help Tron (TRX) regain its trading value amid the prolonged bearish sentiment.
Given that Sundog is a meme coin, it has surprisingly hit a $200 million market value within the first week of launch. This dramatic surge soared Tron (TRX)’s market value by 12% in a day, while Sundog spiked by 237% in the last week. Such an unexpected shift in Tron (TRX) network growth has baffled investors.
In a way, Justin Sun has revived the meme coin era with this SunPump launch. In a matter of 30 days, Tron (TRX) has surged by a whopping 19%, driving major recovery activity within the TRON network. Even though Bitcoin (BTC) and Ethereum (ETH) dipped by 11% and 26%, Tron (TRX) maintained its price performance, given the major activity from its viral meme coin launch.
Legal authorities have recently alerted Binance Coin (BNB) of a potential lawsuit accusing it of stolen cryptocurrency. Its former CEO, Changpeng Zhao (CZ), is facing a new class-action lawsuit filed by crypto investors in the U.S. District Court for the Western District of Washington.
In a recent post, CNF stated that the SEC wants to revise its complaint to add more claims about third-party crypto asset securities. The claim states that their stolen cryptos were laundered through the Binance network, which made them lose track and prevented recovery. They added that the platform failed to prevent money laundering, which violates (RICO) Act.
The plaintiffs have raised questions about the security of the Binance network, highlighting the Racketeer Influenced and Corrupt Organizations (RICO) Act. This sudden claim from the SEC has strongly affected the Binance Coin (BNB) performance, dropping its market capitalization by $1.60 billion in the last 24 hours alone.
While the Tron (TRX) network reclaims its position after the Sundog launch and Binance Coin (BNB) struggles with high-class lawsuits, the DTX Exchange is preparing its resounding all-in-one wallets this August. This launch is set to rank DTX Exchange among top-tier exchanges and listings globally.
This hybrid trading platform outshines the renowned altcoin projects with its wide range of asset classes. DTX Exchange allows users to access traditional finance holdings like foreign exchange and contract-for-differences, including a wide selection of cryptos. DTX enables traders to diversify their portfolios and to spread risk across different markets.
DTX Exchange stands out from the competition as a one-stop platform, meeting the trader's needs in outdated as well as advanced and new crypto markets. It offers an opportunity to users to explore and capitalize on enticing opportunities across various crypto trading markets with its wide range of asset classes.
While investors flock to DTX Exchange for the hybrid trading experience and maximum gains, there’s so much more that this DeFi sensation has to offer. The DTX Exchange offers social trading and copy trading features, which allow traders to trail as well as copy the trades of top-tier investors on the platform.
DTX Exchange has developed a supportive community that offers extensive learning opportunities. Fresh traders can do this by observing experienced traders’ strategies and decision-making processes. The platform features automated trading through copy trading, which enables users to mirror the trades of high-profile investors without market knowledge.
As this highly successful platform completes its skyrocketing presale, it is poised to shake the market with its massive rally and rapid growth in the crypto market.
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