Tron announced in an official statement that it had purchased an additional 175,507 TRX tokens at an average price of $0.28. Justin Sun offered his support. ContinueTron announced in an official statement that it had purchased an additional 175,507 TRX tokens at an average price of $0.28. Justin Sun offered his support. Continue
Tron (TRX) Announces New Altcoin Purchase, Support Comes from Founder Justin Sun!
1 min read
Tron (TRX) and its founder Justin Sun, who have made headlines with their statements and actions, have announced a new acquisition.
In an official statement from the Tron X account, it was announced that an additional 175,507 TRX tokens were purchased at an average price of $0.28.
“Tron purchased 175,507 TRX tokens at an average price of $0.28, bringing its total TRX treasury holdings to over 679.9 million TRX.”
The company aims to further grow Tron DAT assets to increase long-term shareholder value.
Tron founder Justin Sun stated that he also supports Tron’s plan to purchase additional TRX. In a post from his X account, referring to the purchases, he wrote, “Keep going.”
TRX, which peaked at $0.45 in 2024, is currently trading at $0.28 according to CoinMarketCap data. Having fallen by 2% in the last 24 hours, TRX’s decline has reached 5% in the past week.
*This is not investment advice.
Continue Reading: Tron (TRX) Announces New Altcoin Purchase, Support Comes from Founder Justin Sun!
Market Opportunity
Tron Price(TRX)
$0,2736
$0,2736$0,2736
USD
Tron (TRX) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Fed Decides On Interest Rates Today—Here’s What To Watch For
The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement
PANews reported on September 17th that on-chain sleuth ZachXBT tweeted that OpenVPP ( $OVPP ) announced this week that it was collaborating with the US government to advance energy tokenization. SEC Commissioner Hester Peirce subsequently responded, stating that the company does not collaborate with or endorse any private crypto projects. The OpenVPP team subsequently hid the response. Several crypto influencers have participated in promoting the project, and the accounts involved have been questioned as typical influencer accounts.
Share
PANews2025/09/17 23:58
Optimizely Named a Leader in the 2026 Gartner® Magic Quadrant™ for Personalization Engines
Company recognized as a Leader for the second consecutive year NEW YORK, Feb. 5, 2026 /PRNewswire/ — Optimizely, the leading digital experience platform (DXP) provider
Share
AI Journal2026/02/06 00:47