Justin Sun, the founder of TRON, is at the forefront of the cryptocurrency world, and his HTX DAO has been making headlines with its recent developments. The unveiling of the DAO has sparked excitement among investors and the crypto community. HTX, which represents a significant evolution in the blockchain space, announced the activation of its DAO on January 18, signaling a move towards a more transparent and efficient economic structure.
The HTX DAO plans to receive substantial support from its founding group HuobiHTX and TRON. In a significant move, Huobi announced that it will allocate 50% of its earnings to the liquidity of HTX DAO. Similarly, TRON committed to donating 50% of its funds, mirroring Huobi’s contribution.
These announcements have led investors to closely monitor TRX, TRON’s native token, anticipating the impact of these developments on its value. Despite the buzz, TRX’s price movements have been relatively muted, with a slight decrease of 0.93% in the last 24 hours, indicating stability, and trading at $0.108 at the time of writing.
However, the launch of HTX DAO and the planned support for the project are expected to create an atmosphere of excitement, which could potentially lead to a significant increase in the value of TRX. The token’s trading volume saw an 18.12% increase, reaching $269.55 million, hinting at growing enthusiasm among investors.
Overall, the crypto community is keeping a watchful eye on these developments, maintaining hope that the support for HTX DAO will trigger a notable rise in TRX’s value, reflecting the optimism surrounding Justin Sun’s initiatives in the blockchain and cryptocurrency sectors.