Why is the price going up?
BitTorrent (BTT) rose 10.34% in 24 hours, driven by speculation about Tron's IPO and an increase in its use on cryptocurrency betting platforms.
1. Optimism for Tron's IPO after the pause in the SEC lawsuit
2. Increased utility of BTT in online gambling platforms
3. Technical recovery after oversold conditions
Speculation about Tron's IPO
According to reports, the SEC paused its lawsuit against Tron founder Justin Sun on February 25, 2025 (Financial Times), reviving speculation about a possible initial public offering (IPO) of Tron. Although this IPO would involve corporate shares and not TRX or BTT tokens, this news has improved sentiment across the Tron ecosystem. BTT's 24-hour trading volume increased by 43%, reaching $72.7 million, as investors positioned themselves for potential ecosystem growth.
