Funds are moving from Bitcoin and newer tokens, like meme coins, to older and undervalued projects, including Tron, according to reports to Decrypt.
In Summary
Tron's TRX reached an all-time high, surpassing $0.43 after an 81% rally.
Tron's market capitalization surpassed $35.1 billion driven by regulatory speculation and actions by Justin Sun.
Memecoins on Tron, such as FoFar and Sundog, recorded significant increases in prices and transaction volumes.
The TRX token of TRON has reached its highest record price, surpassing a seven-year peak amid an explosive rally that saw it rise just above $0.43.
Tron surged 81% on Tuesday, raising its market capitalization beyond $35.1 billion, according to CoinGecko.
This coincides with other cryptocurrencies, including XRP and Hedera (HBAR), which surged this week as investors speculate on regulatory changes in the U.S.
In contrast, leading market cryptocurrencies like Bitcoin and Ethereum remain almost unchanged during the same period.
