PANews reported on December 4 that according to The Block, Tron (TRX) rose by about 80% in the past day, which may be partly related to the recent political turmoil in South Korea. South Korean President Yoon Seok-yeol's announcement of an emergency martial law triggered market fluctuations, and South Korea is one of the most active cryptocurrency markets in the world.
Analysts pointed out that TRX is a commonly used transfer token across exchanges, especially in the Korean market. Exchange restrictions during the martial law period may prompt funds to turn to TRX for cross-platform transfers. In addition, some market observers mentioned that this increase may also be part of the recent "traditional currency rotation" phenomenon, echoing the upward trend of old-line currencies such as XRP. At the same time, some analysts believe that Tron founder Justin Sun holds a high proportion of TRX supply, and whether this increase is entirely driven by the market remains questionable.
