Tron networkrs native TRX token momentarily surged some 4,000%, from 6 cents to $2.50, on embattled crypto exchange FTX even though they are trading for 6 cents on other prominent exchanges, such as Binance and OKX.

TRX bumped to over $2.5 in Asian hours on FTX. (TradingView)

Tron-based assets such as BTT, SUN and JST rocketed higher as well, trading for several multiples on FTX in contrast to other bourses.

Itrs not a result of repetitive fat finger trades, nor have FTX traders gone euphoric on TRX.

The high prices are a sign of hope n a hope that Tron-based assets will be redeemed on a 1:1 basis by Tron founder Justin Sun. Traders on FTX, at the time of writing, cannot withdraw any assets from FTX, and trading accounts are selling for pennies on the dollar.

But TRX could be a way out for some crypto hopefuls.

Earlier during the day, Sun offered a lway forwardr for FTX n which receded into insolvency following the aftermath of a CoinDesk report n stating that the ongoing liquidity crunch was lharmful to the industry development and investors alike.r

Binance founder Changpeng Zhao was earlier the frontrunner to take over FTX, but that deal fell apart after scrutiny of FTXrs books.

This followed on another Sun tweet yesterday. lWe will do everything we can to protect our users, including exchange all #TRX, #BTT, #JST, #SUN, #HT on the FTX platform at a 1:1 ratio,r he said.

Sunrs play is to attract, and honor, Tron-based assets like BTT and SUN, as well as Huobirs native HT tokens, stemming from FTX. The move allows for large traders to liquidate some of their holdings while improving sentiment for the Tron ecosystem.

The sentiment was quick to improve. The trading of TRX, and related assets, was restarted on FTX in Asian hours on Thursday, moving prices to over $2.50. Prices corrected to 32 cents as of writing time n hours after Sunrs tweet n and still trade at a 400% premium compared to other exchanges.