Justin Sun Claims TRX is Now Equal to Bitcoin: Exploring the Correlation

Tron founder Justin Sun has sparked interest in the crypto community by claiming that TRX, Tron’s native cryptocurrency, now correlates closely with Bitcoin (BTC). His claim came from a recent X post highlighting an analysis of on-chain data by IntoTheBlock. This suggests a heightened connection between TRX and BTC compared to other major cryptocurrencies like Ethereum (ETH), Tether (USDT), Dogecoin (DOGE), Avalanche (AVAX), and Chainlink (LINK). Sun emphasized the rising correlation, specifically noting that it is the highest among these assets at 0.37, with AVAX coming in second at 0.16. The analysis spans the past 30 days.