Tron (TRX) cryptocurrency has risen 16% in the last 24 hours and is now trading at $0.238. Over the last month, the crypto asset has grown by 41%. The coin's market capitalization has exceeded a record $20.4 billion. TRX's daily trading volume has doubled to $2.3 billion.

The rise in Tron’s price comes amid increased activity from major crypto investors, who have amassed over 76 million TRX in a short period of time. According to IntoTheBlock, on Monday, December 2, the number of large transactions involving the token worth $100,000 or more increased from 244 to 722. The total value of these transactions reached $432 million.

Transactions with TRX

On the other hand, from November 30 to December 2, Tron saw a net inflow of 81 million TRX to exchanges. This suggests that investors are preparing to lock in short-term profits. Such a massive sell-off could trigger a fall in the asset's price.

The Relative Strength Index (RSI) on the daily TRX chart is also above 70, indicating that the cryptocurrency is slightly overbought.

However, some analysts believe that TRX's new all-time high is a sign of the start of an altcoin season that could last into 2025.

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Investment company Metaplanet has presented an unusual program to reward shareholders. It plans to raffle off bitcoins among them using a lottery. The promotion will take place in cooperation with SBI VC Trade, a subsidiary of the Japanese fintech giant SBI Holdings.

This initiative reflects our commitment to leveraging strategic partnerships to enhance shareholder value while advancing the adoption and use of Bitcoin ,” Metaplanet said in a statement.
Under the program, shareholders who own 100 or more Metaplanet shares will be eligible to receive prizes in bitcoins. Moreover, both private investors and legal entities who opened new accounts with SBI VC Trade from November 18, 2024 to March 31, 2025 can be holders of securities.

In addition, everyone wishing to take part in the lottery will need to register on the company's official website no later than March 31, 2025.

In total, approximately $199,500 worth of Bitcoin will be distributed among Metaplanet shareholders: 50 prizes of $664 in BTC, 100 prizes of $200, and 2,200 prizes of $66.5.

Immediately after the announcement of the Bitcoin raffle among shareholders, the securities of Metaplanet, one of the largest corporate holders of BTC in Asia, rose by 4.58% to $16.

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After a 36% drop in October, NFT sales surged in November, raising $588 million in 30 days.

The sales leader was the token from the Bitcoin-based Uncategorized Ordinal collection, which cost its new owner just over $6 million. Next came Tokenvesting Plan #1109 on Ethereum , sold for $962,278, and in third place was Solana Boogle #076 for $269,314.

Ethereum-based NFTs led the way with $218.83 million in sales, while Bitcoin-based NFTs rose to $188.05 million, significantly surpassing October's $69.6 million. Solana recorded $83.24 million, while Polkadot's Mythos sales topped $25 million. Immutable NFTs weren't far behind, raising $24.17 million.

The five networks listed dominated the NFT market in November, taking in a total of $539.29 million out of the total $588 million. The top earner was Bitcoin 's BRC20 NFT , which brought in a total of $72.85 million. Ethereum's Cryptopunks came in second with $49.78 million in sales, followed by Mythos' Dmarket with $24 million.

Despite the dips, blue chips based on Ethereum and Ronin continue to hold top positions. For example, Ronin’s Axie Infinity boasts a whopping $4,281,254,670 in lifetime sales, while Bored Ape Yacht Club (BAYC) has amassed $3,216,840,722. Cryptopunks has $2,946,922,636 in sales.

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