Keep up with what's happening in the crypto world in real-time.
With the Ethereum and Bitcoin price trend teasing a bullish jump ahead, the altcoins market anticipates a massive surge in the coming week. Amidst the recovering rally, the low-cap crypto on Page 3 on Coinmarketcap is known for massive jumps and even reaching the top 100 list sometimes.
A little-known cryptocurrency has seen its price surge nearly 60% in a week after a massive crypto whale accumulated around $1.18 million worth of the cryptocurrency, whose current market capitalization is below the $100 million mark. According to data from blockchain monitoring service Lookonchain, the cryptocurrency whale bought earlier this week 7.
The price of the TrueFi token, TRU, rose by more than 60% in today's trading session, while the crypto market continued to decline for the second week in a row. Impressive price action for the token occurred while TrueUSD (TUSD) became the fifth largest stablecoin, according to CoinMarketCap.
TrueFi (TRU/USD) has surged by more than 200% since yesterday after Binance announced that it had minted 50 million True USD (TUSD/USD) stablecoins. The move comes days after the US SEC started a regulatory crackdown on Binance USD (BUSD/USD), Binance's native stablecoin.