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Usha Yadav
Oct 10, 2022
by Usha Yadav

TRON (TRX) Hits 4 Billion Network Transactions As Huobi Rumors Spread

TRON (TRX)

Table of contents

  1. TRON (TRX) Reaches 4 Billion Network Transactions
  2. Rumors Of Huobi Acquisition
TRON (TRX) has hit 4 billion network transactions amid rumors of Justin Sun buying Huobi. With its market value well below the reported $1 trillion threshold, the cryptocurrency industry may appear in a rut. Some of its assets, like TRON, are still witnessing price increases and reaching new highs.

TRON (TRX) Reaches 4 Billion Network Transactions

4812800 more transactions have been added to the TRON blockchain in the last day alone, bringing the total amount of transactions on the network over 4 billion. Furthermore, TRON's total value locked (TVL) has surpassed $12.5 billion. Just over two months after Tron overtook Ethereum as the second-largest public chain by stablecoin market cap, there are now 115 million accounts on the network.

Rumors Of Huobi Acquisition

The majority owner of Huobi Global, Leon Li, has decided to sell his whole holding to the purportedly Justin Sun-led investment company About Capital, based in Hong Kong. According to recent developments, the TRON founder Justin Sun is reportedly the genuine buyer of the cryptocurrency exchange Huobi, possibly in collaboration with Sam Bankman-Fried's FTX. Huobi disclosed on October 8 that the firm that controls its controlling shareholder had transferred all of the Huobi Global shares that the fund of About Capital Management held. Nevertheless, numerous sources reported that Justin Sun was the leading investor in this fund.

Sun claimed not to have taken part, but the cryptocurrency exchange acknowledged that he had been appointed to the Huobi Global Advisory Board, which he then publicized on his official Twitter account.

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TRON (TRX) Hits 4 Billion Network Transactions As Huobi Rumors Spread
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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