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Cryptocurrency News Articles

TRON (TRX) Has Just Crossed a Major Milestone, Processing Over $10 Billion in Total Transaction Value

May 03, 2025 at 10:03 pm

This development positions TRON as one of the most active and widely used networks in the cryptocurrency space. Daily transaction volumes have also surged past 8.4 million

TRON (TRX) Has Just Crossed a Major Milestone, Processing Over $10 Billion in Total Transaction Value

The TRON blockchain has just crossed a major milestone, processing over $10 billion in total transaction value. This development positions TRON as one of the most active and widely used networks in the cryptocurrency space.

Daily transaction volumes have also surged past 8.4 million, showing growing adoption and consistent user engagement. But while the network fundamentals are stronger than ever, the price of TRX, TRON’s native token, continues to trade in a tight range — and traders are now split on what happens next.

The overall sentiment around TRON has been mixed. On one hand, such a large-scale milestone should typically be a bullish signal for the network’s token.

After all, TRX has remained relatively flat, with only a minor gain of around three percent over the past week and a small decline in the last 24 hours. Despite the bullish narrative surrounding the network’s usage, the market hasn’t yet responded with any significant momentum.

Adding to the complexity is the behavior of major TRX holders. On-chain data shows that large investors — commonly known as whales — have recently begun offloading substantial amounts of TRX. Around 26.8 million tokens, worth approximately $6.5 million, were moved to exchanges in what looks like a coordinated round of profit-taking.

This typically signals caution or a shift in sentiment among bigger players. Under normal circumstances, this type of selling pressure would push prices lower, especially in a market lacking strong upward movement.

However, the opposite trend is unfolding among retail traders and spot buyers. Over 13 million TRX, valued at more than $3 million, has been picked up by smaller market participants in the same period.

This suggests that while whales are selling, others see current prices as a buying opportunity — perhaps in anticipation of a breakout. The price holding steady in the face of large-scale sell-offs also hints at underlying strength, or at least a market in balance.

What this creates is a classic standoff. Whales are locking in profits while spot buyers are attempting to accumulate at what they believe are low prices. It’s a tug-of-war that could define TRX’s next move.

If the retail buying pressure remains strong and large holders re-enter the market, it could fuel the breakout traders have been expecting for weeks. But if the selling continues and momentum stalls, the current consolidation may drag on longer.

From a technical standpoint, there are reasons for cautious optimism. TRX is currently moving within an ascending triangle pattern — a bullish chart formation that often precedes a price breakout. The key level to watch is $0.25, which has been acting as a strong resistance zone.

A high number of sell orders are clustered around this price point, and unless there’s a surge in buying power, it could cap TRX’s upside in the short term.

If the token does manage to break through this barrier, analysts believe it could rally toward the $0.32 level. That would represent a significant jump and a return to levels last seen months ago.

However, if the breakout fails and price is rejected at the resistance, a pullback to the lower trendline of the triangle could follow — keeping TRX stuck in its current range.

TRON’s $10 billion milestone is a strong signal of the network’s growth and ongoing relevance in the blockchain ecosystem. But for traders, the focus remains on price, not just activity.

While network usage suggests strong fundamentals, market psychology and investor behavior will ultimately dictate TRX’s next major move. With buying interest building but whale activity raising concerns, the coming days will be critical in determining whether TRX finally escapes its holding pattern or faces another round of sideways action.

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Other articles published on May 04, 2025