The potential release of Ross Ulbricht, the founder of the dark web marketplace Silk Road, has generated interest among market participants. Inspired by the possibility of a pardon from Trump, the price of the ROSStoken has experienced a significant increase of 22% today.
Surge in ROSS Token Prices
Launched in mid-2024, the ROSS token initially showed minimal progress. However, as Trump’s inauguration date approaches, the price of Ross Ulbricht’s token has skyrocketed, demonstrating a remarkable growth of 19,064.67% over the last six months. The gains were particularly notable in November and December, reaching a new high of $0.02767.
During the same period, Bitcoin also achieved an all-time high, hovering around $98,500 at the time of writing. Meanwhile, speculation regarding Ross Ulbricht’s release has fueled the performance of the ROSS token, contributing to a 22% increase within the last 24 hours.
Impact of Pardon Speculation
Expectations of Ross Ulbricht’s release from his 11-year sentence this month continue to support the rise in ROSS token prices. Hundreds of notable figures and thousands of supporters advocate for the release of the Silk Road founder.
“Ross will be home in January.” – Donald Trump
According to Trump’s campaign promises, Ross Ulbricht’s release is anticipated. Increased expectations on social media have raised investor confidence to 71%, with reports suggesting it reached 80% in November.
However, critics argue that Trump may be using this promise to gain favor with thousands. Additionally, doubts remain due to Trump’s failure to fulfill many previous campaign promises.
Since the last mention of the issue during his campaign, Trump has made no further comments. People are eagerly awaiting the inauguration day to see if Trump will deliver on his promise that “Ross will be home in January.”
The increasing speculation surrounding Ross Ulbricht’s potential release has propelled ROSS token prices upward for weeks. The heightened excitement is clearly visible in the trading volume of ROSS tokens.
The likelihood of Ross Ulbricht’s release continues to positively impact the ROSS token. As investors wait to see if Trump will keep his promises, they closely monitor fluctuations in the token’s price. Future developments will serve as crucial indicators for both the cryptocurrency market and stakeholders involved.