The price of Tron has remained unfazed despite the recent X account hack. TRON DAO acknowledged on May 2, 2025, that beginning at 9:25 AM PST, its official X (formerly Twitter) account was compromised.
Concerns regarding a possible phishing attempt were raised during the breach when an unauthorized person sent direct messages (DMs), followed unknown accounts, and published a phony post with a contract address (CA).
Despite the hack, TRON is currently trading at $0.2485, up 1.51% as compared to the same time yesterday.
TRON DAO Warns Users to Delete Suspicious DMs, Reaffirms Policy Against Sharing Contract Addresses
TRON DAO has stressed that it never shares contract addresses or sends unwanted communications, and has advised users to ignore and remove any direct messages they may have gotten from its account on that day.
A targeted social engineering attack on a staff member was the cause of the breach, the team said after conducting an internal inquiry.
The attacker was able to obtain the team member’s credentials as a result. The malicious actor persisted in contacting other people, offering to upload content from TRON’s official account in exchange for money, even after the hacker was removed from the account and access was restored.
In the crypto sector, the incident brings to light persistent cybersecurity threats, particularly those associated with impersonation and social engineering.
To avoid future security breaches, TRON DAO is probably putting more security measures in place and revising procedures. In spite of the hack, TRON’s price stayed steady, indicating that the market has faith in the project’s long-term viability.
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TRON Becomes 10th-Largest Cryptocurrency with $23.56 Billion Market Valuation
TRON (TRX) is now trading at about $0.2483 as of May 3, 2025, representing a slight daily increase of 1.45%. With a $23.56 billion market valuation, the token is now the tenth-largest cryptocurrency in terms of market value.
The token’s technical indicators show a bullish attitude despite recent downturns. Strong buying momentum is indicated by the Relative Strength Index (RSI), which is at 68.25 and approaching overbought territory.
While the Parabolic SAR at $0.247 suggests a continued advance, the Average Directional Index (ADX) at 25.78 confirms a strong trend.
With a 7.83% gain in the last month and an astounding 113.4% increase in the last year, TRX has proven to be resilient. Analysts anticipate possible higher movement; they estimate that TRX may rise as much as $0.2859 in May, which would be a 15.97% gain from current prices.
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