TLDR
- TRON (TRX) network reached a record $600 billion in USDT transactions, beating Ethereum since January 2022
- TRX price trades around $0.27 with mixed technical signals showing market consolidation
- SunPump launched CEX Alliance to support TRON meme coins but platform activity remains low with only 98,300 token launches
- Whale accumulation patterns suggest long-term positioning as large investors buy near current price levels
- Technical indicators show weakening trend strength with TRX facing resistance at $0.274 and support at $0.256
TRON network has achieved a major milestone by recording $600 billion in USDT transactions. This all-time high reinforces the network’s position as a leading platform for stablecoin transfers.
The achievement comes as TRON continues to outperform Ethereum in USDT transaction volumes. This trend has been consistent since January 2022, driven by TRON’s lower gas fees and faster confirmation times.
Users in emerging economies have particularly embraced TRON for USDT transfers. The cost savings compared to Ethereum have motivated this migration to the network.
The gap between TRON and Ethereum’s stablecoin volumes continues to grow. TRON now processes more daily stablecoin volume than Ethereum’s network on a regular basis.
Network Activity Shows Strong Fundamentals
The surge in USDT volumes indicates high underlying demand for TRON’s services. This on-chain activity has the potential to impact TRX’s price performance positively.
Network momentum often translates to renewed investor sentiment when driven by real usage. A break above $0.2755 could trigger another bullish run for the altcoin.
Whale activity has supported the increase in transaction volumes. Large investors have been steadily accumulating TRX at or near current price levels.
This whale accumulation during network expansion typically signals long-term positioning rather than short-term speculation. Such patterns are generally viewed as bullish indicators for the token’s future prospects.
SunPump Initiative Faces Mixed Results
SunPump has launched its CEX Alliance to boost TRON’s meme coin ecosystem. The initiative partners with exchanges including BitMart, Poloniex, and LBank to support high-quality projects.
The alliance targets meme projects with stable performance and market caps over $500,000. It aims to streamline listing procedures and enhance marketing efforts through coordinated campaigns.
However, SunPump’s on-chain metrics tell a different story. The platform has generated only 98,300 token launches over nine months.
This number pales in comparison to competitors like Pump.fun, which often surpasses this figure in less than a week. Daily earnings frequently fall below $1,000 in recent weeks.
TRX currently trades around $0.27 with technical indicators showing consolidation. The Directional Movement Index reveals weakening trend strength with ADX falling to 11.68 from 24.
The Relative Strength Index hovers near 50, indicating balanced buying and selling pressure. This suggests the market remains in equilibrium without clear directional bias.
Resistance sits at $0.274 while support holds at $0.256. A breakout above resistance could target $0.279 and potentially $0.282.
A breakdown below support might see prices test $0.250 or even $0.243 in an extended pullback. The current setup suggests traders are waiting for a decisive move in either direction.
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