TRON Network Achieves Milestone as USDT Transactions Reach All-Time High of $600 Billion

TRON Network achieved a milestone as USDT transactions reached an all-time high of $600 billion. This record demonstrates the network's growing role as a preferred platform for stablecoin transfers.

TRON (TRX) has hit a new milestone as the total value of Tether (USDT) transactions on the network reached an all-time high (ATH) of $600 billion.

This record achievement underscores the network’s surging popularity, especially among traders seeking a cost-effective platform for transferring USDT.

Since January 2022, TRON has consistently outperformed Ethereum (ETH) in terms of USDT transaction volumes. This shift can be attributed to TRON’s lower gas fees and faster confirmation rates, which offer significant advantages over Ethereum, especially for users in emerging markets.

As a result, TRON is now processing more daily stablecoin volume than Ethereum, and the gap between the two networks is widening.

This increased activity also coincides with whale accumulation patterns. Large investors have been steadily purchasing TRX tokens at nearly the current price levels around $0.27.

Unlike short-term speculators, whales typically engage in long-term positioning when they gradually accumulate a specific asset over time. This behavior is crucial in supporting the surge in overall transaction volumes on the network.

However, despite the record highs in USDT transactions and whale interest, SunPump Initiative, a project aiming to integrate meme coins with TRON, appears to be showing minimal activity.

The initiative recently launched its CEX Alliance with exchanges like BitMart, Poloniex, and LBank to boost TRON’s meme coin ecosystem. The alliance will streamline listing procedures for meme coins that have a market cap of over $500,000 and provide them with marketing support and social exposure.

However, an analysis of SunPump’s on-chain metrics reveals that the initiative has created only 98,300 tokens over nine months. For context, Pump.fun, a similar initiative, often generates more tokens weekly than SunPump has in nearly a year.

Moreover, the average daily revenue generated by SunPump in recent weeks typically falls below $1,000. This low level of activity might be surprising considering the recent announcement of the CEX Alliance and the potential influx of meme coins.

As for TRX price technicals, the token is currently trading in a tight range around $0.27 with mixed technical signals.

The Average Directional Index (ADX) has dropped to 11.68 from 24 just three days ago. This decline indicates a substantial weakening in trend strength across both bullish and bearish pressures.

The Relative Strength Index (RSI) is closely positioned at 49.87, nearly at the neutral 50 level. This placement suggests a nearly balanced state of buying and selling pressure in the market.

Both directional indicators are showing fading momentum. The positive directional indicator decreased to 20.74, while the negative directional indicator fell to 15.41.

A breakout above the $0.274 resistance could lead to a rally towards $0.279 and potentially $0.282. Such a move might set up a larger rally toward the $0.30 level, last seen in December 2024.

Conversely, a breakdown below the $0.256 support could continue the price declines. The next price targets on the downside would be $0.250 and potentially $0.243 in an extended pullback.

The current setup reflects a market in wait-and-see mode. Traders are watching for a decisive move in either direction to break the consolidation pattern.

TRON’s network fundamentals remain strong despite the price consolidation, with record USDT volumes and continued interest from whales supporting the underlying demand for the token.