The crypto-markets are a bit in the green today, and it is a good feeling. The last 3 days have played out like the 2008 financial crisis but in the crypto-verse. Our favorite token of Tron (TRX) was adversely affected by the two events that caused the flash crash we witnessed over the past few days.
First, it was the Coinrail hack that left $40 Million in tokens stolen as well as the market reaction that caused the wiping out of approximately $20 Billion in total market volume. Then there was the overreaction – according to John McAfee – of ongoing investigations of the 4 exchanges of Bitstamp, Coinbase, Itbit, and Kraken. This latter event wiped off another $27 Billion from the crypto-markets.
Looking at the same markets at the moment of writing this, TRX is currently trading at $0.047 and up less than a percentage point in the last 24 hours. Anyone who had some additional capital to invest, most likely got some more TRX yesterday. The value might not get any lower than that between now and the TRON Independence Day.
The current countdown to the total Tron migration from the Ethereum platform to the MainNet known as Odyssey v2.0 reads 12 days and few hours. This means that time is winding down for all TRX HODLers wishing to transfer their tokens to the numerous exchanges supporting the Tron Migration from the 21st to the 24th of June.
So which exchanges are supporting the Tron Migration?
According to Justin Sun via Twitter, the list is as follows:
Therefore, all TRX HODLers are asked to transfer their tokens before the 24th of this month to facilitate smooth transition into the new MainNet blockchain.
However, Binance recently announced that it will be supporting permanent TRX MainNet swap. This means that if you miss the above deadline of the 24th, you can create a Binance account (or using your existing one), deposit your TRX tokens and Binance will do the swap for you automatically.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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