The recent news that TRX is now available on the Solana network has sparked interest in the crypto community. Tron founder Justin Sun officially announced this migration.
Justin Sun's Announcement
TRX can now be traded on the Solana network with the contract address GbbesPbaYh5uiAZSYNXTc7w9jty1rpg3P9L4JeN4LkKc. The event was marked by social media posts, where Justin Sun stated, "TRX on SOL is live now! All liquidity is ready!" However, the market impact so far has been minimal.
Current State of Cryptocurrencies
Bitcoin is hovering around $85,000. Today, Donald Trump released a video message regarding cryptocurrencies, restating the need for congressional support in stablecoin regulation. Meanwhile, TON announced securing $400 million in investments. Despite positive economic news from the U.S., BTC is still seeking support.
Market Effects and Global Events
The EU indicated plans to delay the first wave of tariffs against the U.S. until mid-April. Initially, additional taxes were expected at the beginning of the month but may now be softened or postponed, potentially easing economic pressure on Europe.
The migration of TRX to Solana could offer new opportunities due to the network's robust DeFi infrastructure. However, the impact on the token's price remains modest.
