Tron defies the odds as the only top 10 crypto in the green since Trump took office
Justin Sun, the founder of the Tron blockchain, recently took to X, formerly Twitter, to boast about how Tron just happens to be the only top crypto still in green since Trump took office. The founder is back in the news after he went viral for purchasing and consuming a $6 million banana taped to a wall not too long ago.
Sun quote tweeted a post from CryptoDiffer on Tuesday that revealed Tron’s great performance compared to other top cryptos including BTC, ETH, and SOL. The founder also tagged Trump, whose attention he has seriously courted since the United States president became interested in crypto.
A comparison of the top 10 cryptocurrencies since Trump took office on January 20. Source: Crypto Differ
How the top ten tokens have fared so far
The chart released compared the fair value of the top ten cryptocurrencies from January 20, 2025, when Trump was inaugurated, with their current prices as of March 10, 2025, and calculated the percentage change in price since the inauguration.
According to the data, most of the top 10 tokens have taken a significant beating since Trump’s inauguration with only TRON showing a significant positive gain.
Dogecoin is arguably the biggest loser, down 30.4% from its peak; most likely a side effect of investors de-risking after realizing that the existence of Elon Musk’s DOGE barely affects the price of the DOGE meme.
Another big loser was Solana which has seen a price decline of up to 27%. The latest dip has shaken investor confidence, but the cult community around the token persists, making all this seem like a phase it will leave behind soon.
Among the top ten tokens, Solana is one of those that Trump selected to be added to the strategic crypto stockpile the US plans to create, which should also be a silver lining.
Bitcoin, which surged to a record high of $109,071 shortly after Trump’s inauguration, has since fallen under $100,000 thanks to investors taking profit, the failures of American crypto executive orders to stir markets, and the uncertainty from Trump’s tariff wars.
Tron is undoubtedly the stand-out from the list, with its massive +92.6% increase, which makes it the only cryptocurrency in the top 10 to perform positively despite the TRX not making the list of tokens Trump earmarked for America’s crypto reserve.
XRP made that list, and it showed more stability relative to other tokens on the list, with only a small decline of 0.4%.
The behavior of the top ten tokens in response to all the political meddling that is happening is not unexpected. Historically, the crypto market has been known to experience a cool-down period following a presidential inauguration in the US. In President Trump’s case, the market is in serious correction mode after the election euphoria died off.
There was a lot of euphoria following Trump’s election victory. In fact, on the day he was sworn in, the Republican stalwart was flanked by some of the wealthiest Americans, including Elon Musk, Jeff Bezos, and Mark Zuckerberg, all of whom had seen huge gains thanks to the stock markets.
Unfortunately, like the top ten cryptocurrencies, the president’s caucus of wealthy friends and supporters has also suffered substantial losses that have shaved billions off their net worth.
It has been weeks since Trump was sworn in, but in that time, five of the billionaires who sat behind him in the Capitol Rotunda have lost a combined $209 billion in wealth.
Photo from the Trump Inauguration Day on January 20. Source: Trump Inauguration (X/Twitter)
So far, the S&P 500 has lost 6.4%, Elon Musk is down $148 billion, Sergey Brin has lost $22 billion, and Bernard Arnault has recorded $5 billion in losses.
Any expectations that the market returns they enjoyed on Inauguration Day will continue have been ruined, and it is mostly thanks to some of Trump and Musk’s confrontations with long-time allies, mass layoffs of government employees, and a back-and-forth on tariffs.
Why is Tron defying gravity?
Tron has seen a huge surge in value in the weeks since Trump became president and it does not look like the growth will stop anytime soon. Tron’s value is currently at $0.22 USD per token down 47.6% from its all-time high.
There are various reasons why Tron is doing so well, even though many other top tokens are floundering in the volatile market. A key driver of the positive momentum is its founder, Justin Sun, who has been in the spotlight for his bold investment in Donald Trump’s crypto project, World Liberty Financial (WLF).
Tron founder Justin Sun’s officially designated photo for Consensus 2025, Hong Kong. Source: Justin Sun (X/Twitter)
Sun, who has also been appointed as an advisor to the World Liberty Financial project, invested $30 million in WLF shortly after Trump’s re-election, and the decision seemingly catalyzed investor confidence in the TRX token. The confidence appears to have persisted even though it was left out of the list of tokens to be added to the reserve and in the face of market volatility.
Sun’s involvement initially raised eyebrows due to his ongoing legal troubles with the Securities and Exchange Commission (SEC), which saw him accused of fraud, market manipulation, and unregistered offerings in March 2023.
Fortunately, the new SEC administration is less combative towards crypto players and has put the case on hold while they explore a potential resolution with a status update expected by April.
