Tron’s BitTorrent adds another feather to its cap; records sixth highest market volume

Tron and its partnerships have created a storm in the cryptocurrency space with several updates and developments coming from the Justin Sun led cryptocurrency company. This move has only been overshadowed by Tron’s recent bullish surge on the charts, making it one of the biggest gainers on the charts.

Latest reports show that Tron’s acquisition BitTorrent’s BTT token has grabbed the sixth position on the cryptocurrency charts in terms of trading volume. The coin which was just released last month is also closing in on six times the pricing of is Initial Coin Offering [ICO] a week ago.

Recently, BitTorrent recorded a flash hoke where it pumped by over 50% within hours. At press time the token is valued a $0.009611 while recording a market cap of $546 million. What made the volume figure jump out was the fact that it as more than that of popular cryptocurrencies like XRP, Tron, Stellar and Bitcoin SV.

The BitTorrent token was also in the news recently when its public sale got over in record time on the Changpeng Zhao led Binance. A total sale of 59.8 billion tokens was made during the sale. The timing could have been cut short if not for a technical glitch that was pointed out by both Changpeng Zhao and Justin Sun. Sun had tweeted:

“I would like to explore the possibility with @binance to giveaway free $BTT to everyone on launchpad fails to get #BTT today. #BitTorrent community wants you! Not 100% guarantee. Need to figure out detail. BUT RT if you agree! @cz_binance #TRON $BNB $TRX”

The Tron CEO had also revealed that 5000 BTT tokens were successfully transferred in an airdrop. He further said:

“#BitTorrent (#BTT) has completed an airdrop of 5,000 $BTT to all users that were eligible but unsuccessful in purchasing BTT on @binance Launchpad. #TRON #TRX $TRX”

Image courtesy of PixaBay.

Akash Anand: I am an engineering graduate with a leaning towards content and hard-hitting journalism. The aim has always been to gather the latest happenings in crypto and present it to the world.