TRON Whales Unload 231M TRX—Does $0.30 Still Look Realistic?

TRON’s big players just dumped a staggering 231 million TRX—enough to make any retail investor sweat. The move comes as the altcoin flirts with key resistance levels, leaving traders wondering if Justin Sun’s pet project can still hit that coveted $0.30 target.

Market depth charts show liquidity evaporating faster than a DeFi rug pull. Meanwhile, the usual suspects on Crypto Twitter are spinning this as ’healthy profit-taking’—because nothing says ’healthy’ like whales cashing out eight-figure positions.

Technical indicators suggest TRX could still rally if it holds the $0.12 support. But let’s be real: in a market where ’fundamentals’ means whose influencer army shouts loudest, even the charts might be lying.

Whale activity slows even as price holds firm

Source: CryptoQuant

In fact, whale transactions fell from a peak of 1,060 to just 346 at press time.

On top of that, the Average Whale Transaction Size slid from 2.4 billion TRX to 561 million, hinting at either reduced conviction or active profit-taking.

This shift isn’t subtle.

According to IntoTheBlock, whales sold 231 million TRX in the past day, while only 194 million were accumulated.

That left a negative Whale Netflow of -36.8 million TRX, marking a clear tilt toward bearish behavior.

Source: IntoTheBlock

Although whale activity has cooled down with some starting to take profit, TRX price has continued to climb, reaching $0.2739, at the time of writing.

This is a sign that retail or smaller investors might be absorbing the supply. While whales step back, it opens the door for new market participants to lead the next move.

All eyes on the golden cross

Tron is experiencing a decline in whale activity despite rising prices. This divergence often indicates a transitional phase in market structure.

While whales are stepping back, market participants remain optimistic.

CryptoQuant’s analyst Burak Kesmeci is one of those who see potential with TRX. Inasmuch, he’s still eyeing a sustained uptrend, citing SMA50 and SMA100.

Source: CryptoQuant

According to Kesmeci, TRX price movements through 2025 across three major moving averages indicate a positive trend reversal signal.

As of the 5th of May, SMA50 crossed SMA100 upwards, signaling a “golden cross”. Following this intersection, TRX ROSE by approximately 11%, reaching $0.28.

Thus, TRX is still holding above $0.27. This implies that prices are above SMA50, signaling more balanced market involvement across all players.

Therefore, if the TRX price continues to stay above SMA50, the upward momentum is expected to strengthen.

What’s next for TRX?

If tron maintains its upward momentum, it could break past the $0.28 resistance level and advance toward $0.30.

Meanwhile, the close alignment of the SMA100 and SMA200 suggests that $0.23 serves as a strong support level. As long as TRX stays above this threshold, the bullish outlook remains intact.

Additionally, the recent slowdown in whale activity does not weaken the network. Instead, it may signal a healthier distribution of market participation, potentially setting the stage for continued growth.