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TRON surges by over 15%, taking the spot as current top mover

The Tron Foundation’s TRX has spiked in price and trading voume following announcements about the token.

The TRON Foundation’s TRX has gained 16.13% in day-on-day trading, making it the most increasing token at the time of writing according to CoinMarketCap. Over the past week, the token has been trickling upwards in trading volume and price, but it hit a surge as several  announcements broke regarding the TRON Foundation.

News broke that the Foundation had hired David Labhart, a former member of the United States Securities and Exchange Commission, as the company’s first compliance officer. Labhart will be also be stepping into the role of TRON’s co-general counsel.

TRON also announced on the 9th of January that margin trading at OKEx is now available.

The token surged following the news, resulting in praise from ABCC Exchange:

“This is testament to the good news we have been hearing from recently. We are currently working with Tron to list TRC-20 and TRC-10 on ABCC Exchange!”

At present, TRX is trading at $0.03083 USD and is sitting as the 10th cryptocurrency ranked by trading volume.