TRON (TRX) has hit 4 billion network transactions amid rumors of Justin Sun buying Huobi. With its market value well below the reported $1 trillion threshold, the cryptocurrency industry may appear in a rut. Some of its assets, like TRON, are still witnessing price increases and reaching new highs. TRON (TRX) Reaches 4 Billion Network Transactions 4812800 more transactions have been added to the TRON blockchain in the last day alone, bringing the total amount of transactions on the network over 4 billion. Furthermore, TRON’s total value locked (TVL) has surpassed $12.5 billion. Just over two months after Tron overtook Ethereum as the second-largest public chain by stablecoin market cap, there are now 115 million accounts on the network. Rumors Of Huobi Acquisition The majority owner of Huobi Global, Leon Li, has decided to sell his whole holding to the purportedly Justin Sun-led investment company About Capital, based in Hong Kong. According to recent developments, the TRON founder Justin Sun is reportedly the genuine buyer of the cryptocurrency exchange Huobi, possibly in collaboration with Sam Bankman-Fried’s FTX. Huobi disclosed on October 8 that the firm that controls its controlling shareholder had transferred all of the Huobi Global shares that the fund of About Capital Management held. Nevertheless, numerous sources reported that Justin Sun was the leading investor in this fund. Sun claimed not to have taken part, but t...
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