The post Justin Sun’s Tron Raises Energy Cap Amid Meme Coin Mania, TRX Price Jumps 5% appeared on BitcoinEthereumNews.com.

Following the meme coin frenzy on Tron’s SunPump platform last week, the development team undertook the work of boosting Tron Netowrk’s energy limit in order to declutter the congestion and bring transaction fees under control. As a result, the TRON community has successfully managed to raise the energy cap to 120 billion, announced founder Justin Sun. Justin Sun Announces TRON Raising Energy Cap Earlier today, Tron founder Justin Sun announced that Proposal No. 92 is officially into effect within the Tron community thereby boosting the energy cap to 120 billion. This development will help to boost transactions for TRX stakers, lower the gas fee, and enhance overall network activity. Sun also praised the TRON community for its efficient execution of the proposal. Proposal No. 92 of the TRON community is now in effect, raising the energy cap to 120 billion. This means more transactions for TRX stakers, lower Gas Fees, and increased network activity. I’m impressed by the TRON community’s execution. https://t.co/RbwJvQ75Ds — H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 25, 2024 The massive spurt in the traffic on the Tron Network last week came on the backdrop of the SunPump frenzy. Justin Sun is also supporting the meme mania with analysts predicting that Tron’s Meme coin season could be even greater than what we witnessed on Solana earlier this year in Q1 2021. As a result, Tron is already making a few preparations in this direction in order to cater to the huge traffic boost that could come along. TRX Price Rally Amid Meme Coin Frenzy After a minor pullback over the weekend, the TRX price has surged by 22% over the past week and is currently trading around $0.1653 with a market cap of $14.3 by unseating Cardano’s ADA again for the tenth spot. This TRX price rally comes…

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Filed under: News - @ August 26, 2024 5:17 am