TLDR
- Tron whales have reduced their positions, selling 231 million TRX
- Despite whale exodus, TRX price remains stable above $0.27
- Tron flipped Ethereum in stablecoin volume with a $2.12 billion increase
- Tron’s USDT market cap reached $73.8 billion, surpassing Ethereum’s $71.9 billion
- TRX trading volume increased by 69.18% to $938.02 million
In a market development that has caught many traders by surprise, large holders of Tron (TRX) have begun selling off their positions. These major players, often called “whales,” have reduced their activity in the past few days, with high-volume transactions falling from over a thousand to just a few hundred.
Data shows whales sold approximately 231 million TRX recently. This move typically signals caution or profit-taking by major investors.
However, the price of TRX has shown resilience despite this selling pressure. The token reached a recent high of $0.2739 and has maintained levels above $0.27.
This price stability in the face of whale selling suggests smaller investors may be stepping in to buy the tokens being sold. This could indicate a shift in TRX market dynamics, with retail traders playing a larger role in price movements.
Technical Indicators Remain Bullish
One key factor supporting TRX’s price is the recent formation of a “golden cross.” This occurs when a short-term moving average crosses above a longer-term one.
🚨 Top 3 Altcoins to Watch Before Trump’s Exclusive Gala Dinner (May 22) $TRX – Justin Sun confirmed at the Trump dinner. A whale wallet linked to him tops the $TRUMP leaderboard. If hype continues, we could see a breakout past $0.267 $EOS – WLFI just dropped $3M on EOS ahead… pic.twitter.com/XCi1EBZFIb
— Wise Crypto (@WiseCrypto_) May 20, 2025
For Tron, the 50-day Simple Moving Average crossed above the 100-day SMA. Since this technical event, TRX has climbed about 11%.
The price continues to stay above both the 50-day and 100-day averages. This suggests buyers remain active in the market.
As long as TRX holds these technical levels, analysts believe it could attempt to break through the $0.28 resistance. If successful, this could open the door to the $0.30 level many investors are watching.
Strong support exists around $0.23, where the 100-day and 200-day moving averages are converging. This technical support zone could protect against any price corrections.
While whale selling might seem bearish at first glance, it may actually lead to healthier market behavior. A market less dominated by whales often has more balanced participation and potentially more stable growth.
Tron Overtakes Ethereum in Stablecoin Activity
In another development, Tron has overtaken Ethereum in stablecoin transaction volume. Over the past week, the USDT/USDC volume on Tron increased by $2.12 billion.
In the past 7 days, stablecoins(USDT&USDC) on #Tron increased by $2.12B, and stablecoins(USDT&USDC) on #Ethereum decreased by $2.44B.https://t.co/LQ9aIGxqwo pic.twitter.com/qrpoYeR71F
— Lookonchain (@lookonchain) May 19, 2025
During the same period, Ethereum lost $2.44 billion in stablecoin liquidity. This shift suggests users may be favoring Tron for stablecoin transfers.
Tron’s lower fees and faster settlement times could explain this transition. The blockchain has become popular for stablecoin transactions in several regions.
The total USDT supply on Tron has now reached a market cap of $73.8 billion. This exceeds Ethereum’s USDT market cap of $71.9 billion.
This leadership in the stablecoin space represents a major achievement for the Tron network. It shows growing adoption for everyday transactions.
Such increased network usage could have positive implications for TRX price. The token is used for transaction fees on the network, creating natural demand as activity increases.
At the time of reporting, TRX is trading at $0.2653. Trading volume has surged by 69.18% to $938.02 million, showing heightened market interest.
The next few days will be crucial for TRX price action. Investors are watching to see if it can break past the $0.28 resistance level.
If buying pressure continues and momentum remains strong, TRX may test the psychological $0.30 level. This would represent an important milestone for the token.
For now, the technical outlook remains positive despite whale selling. Strong support levels and promising indicators suggest the potential for continued upward movement.
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