The potential release of Ross Ulbricht, the founder of the dark web marketplace Silk Road, has sparked interest among market participants. Inspired by the potential pardon from Trump, the price of the ROSS token has seen a significant increase of 22% today.
Surge in ROSS Token Prices
Launched in mid-2024, the ROSS token initially showed minimal growth. 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, reaching $98,500 at the time of writing. However, speculation surrounding Ross Ulbricht’s release has fueled the performance of the ROSS token, leading to a 22% increase within the last 24 hours.
Impact of Pardon Speculation
Expectations of Ross Ulbricht’s release from an 11-year sentence this month continue to drive up the price of the ROSS token. Hundreds of notable figures and thousands of supporters are advocating for the release of the Silk Road founder.
“Ross will be home in January.” – Donald Trump
According to Trump’s campaign promises, the release of Ross Ulbricht is expected. Increased expectations on social media have boosted 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 of supporters. Additionally, doubts remain due to Trump’s failure to fulfill many past campaign promises.
Since the last mention of this issue during his campaign, Trump has not made any further comments. People are eagerly awaiting the inauguration day to see if Trump will fulfill his promise that “Ross will be home in January.”
The increasing speculation about Ross Ulbricht’s potential release has been driving up the price of the ROSS token for weeks. The heightened excitement is clearly visible in the trading volume of ROSS tokens.
The likelihood of Ross Ulbricht’s release continues to have a positive impact on 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.
