CandleFocus South Korea Martial Law Declaration Highlighted TRON Dominance: Analyst
2024-12-05
Author: Content Editor
Tron's value increased by 66.5% this week, following a failed power grab and martial law declaration in South Korea. South Korea's president declared martial law, claiming the opposition sympathized with North Korea and deemed political activities and media illegal. The military stormed the National Assembly in an attempt to stop the annulment of martial law, but the vote was successful, leading to the lifting of martial law just hours after its establishment. The chaos caused significant capital flight from South Korean crypto exchanges, with Tron being heavily involved. Tron saw significant buying and was one of the most used chains for transactions. However, it is unclear if the buying pressure was driven by South Korean buyers or other factors.
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