Justin Sun’s HTX DAO Receives Backing from HuobiHTX and TRON
The launch of HTX DAO, a decentralized autonomous organization founded by Justin Sun, has generated significant interest in the crypto and DeFi space. The platform aims to create a more transparent and efficient digital economy ecosystem. Following its inception, HTX DAO has secured investments from two major players in the industry: HuobiHTX and TRON.
HuobiHTX will donate 50% of its revenue to HTX DAO’s ecological liquidity, while TRON will contribute 50% of its funds to align with Huobi’s donation. This injection of funds is expected to drive the development of HTX DAO’s ecosystem and have positive effects on the price of TRON’s native token, TRX.
TRX Price Performance
Currently, the TRON price has experienced a slight decline of 0.93% in the past 24 hours and is trading at $0.108. However, the token has seen a weekly increase of 0.78% and a monthly surge of 6.51%. With the establishment of HTX DAO and the investments it has received, there has been an 18.12% growth in TRX’s trading volume, reaching $269.55 million.
Hot Take: Implications for HTX DAO and TRON
The backing from HuobiHTX and TRON is a significant milestone for HTX DAO as it seeks to build a robust ecosystem. The investments will fuel its development and pave the way for greater transparency and participation in the digital economy. Additionally, this support has the potential to boost TRX’s price as Justin Sun’s crypto communities continue to make strides in the crypto space.
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