Tron ecosystem tokens trade at premiums upto ~2400% on FTX
Tron’s price has been quite volatile on FTX. Long wicks extending above candlesticks on the short time frame charts have been registered by the altcoin, indicating that buyers have been trying to push up the price. However, most of their attempts seem to be futile, for Tron has dropped by more than 47% since 21:00 UTC. In the same time period, TRX was down by only 3.2% on Binance. Around that time, the asset created a local high of $0.44 on FTX [right]. However, on other exchanges, Tron was trading with an extra zero of around $0.05830 [left]. Resultantly, the premium stood at 654.717%. At press time, the 15th-ranked crypto was priced at $0.232 on FTX, while it was trading at $0.056 on Binance, the world’s largest exchange. Source: TradingView The number of transactions executed on Tron, nonetheless, remain to be flat, indicating that the majority of market participants are currently exercising caution by not overindulging in the blockchain. Source: tronscan.io ...