Tron’s $80B Stablecoin Surge – Can TRX Dodge This Looming Threat to Its Rally?

Tron's ecosystem just crossed a staggering $80 billion in stablecoin inflows—proof that even in a bear market, crypto's casino chips keep flowing. But beneath the champagne-popping metrics, trouble brews.

Whales are circling. On-chain data shows long-term holders quietly moving TRX to exchanges—classic profit-taking behavior before a potential dump. The same players who cheered the rally now eye exits.

Regulatory landmines ahead. With USDT dominating Tron's inflows, any crackdown on stablecoins could turn this liquidity tsunami into a desert overnight. Since when has playing fast-and-loose with regulations ever backfired? (Cue nervous laughter from crypto veterans.)

Technical warning signs flash. TRX's RSI has hugged overbought territory for weeks—a coiled spring waiting to snap. Retail FOMO meets institutional skepticism in what could be 2025's most brutal game of hot potato.

One truth remains: In crypto, nobody rings a bell at the top. But the smart money smells blood in the water.

Record inflow—What does it mean?

Tron continues to dominate stablecoin inflows. In the past 24 hours, the network reached a new milestone, with $80 billion in stablecoins now on-chain.

This marks a significant surge from its yearly low of $59.76 billion. The growth places Tron ahead of ethereum [ETH], which previously led in stablecoin market share.

Source: CryptoQuant

Tron’s low transaction fees and fast settlement times have driven this shift. Amidst these developments, TRX—the network’s native token—stands to benefit, as it’s used to settle transactions on the chain.

A segment of investors has viewed this development as bullish and has started placing bets on a potential TRX rally.

Spot and DeFi traders accumulate TRX in anticipation

Spot and DeFi investors are actively accumulating TRX, likely in anticipation of a rally.

At the time of writing, spot market participants who sold $16 million worth of TRX on the 23rd of June have paused their selling and resumed buying. 

Source: CoinGlass

So far, this group has added $1.75 million worth of TRX in total netflow to their portfolios, moving the tokens into private wallets, per data from CoinGlass.

DeFi investors have also resumed purchasing TRX, adding to their private holdings for long-term storage.

At press time, more liquidity has flowed into Tron-based protocols. Analysis indicates that $184 million worth of TRX has been locked across these platforms.

Source: DeFiLlama

The Total Value Locked (TVL), which measures this activity, stood at $4.359 billion, at press time.

However, the sentiment isn’t uniformly positive. On-chain data reveals a continued decline in activity.

TRX flows into private wallets and DeFi protocols

On-chain activity is dropping as both Transaction Count and Unique Active Addresses have continued to decline.

Data at press time shows that Transaction Count has fallen to 7.6 million, down significantly from the previous day’s performance.

Source: Artemis

Data from Artemis shows that executed transactions have fallen in tandem with a drop in Active Addresses to 2.2 million.

This decline points to waning user engagement with TRX, reinforcing bearish sentiment across sections of the market.

In derivatives, traders are also leaning bearish, evidenced by the Open Interest Weighted Funding Rate turning negative at -0.0007%.

Source: CoinGlass

If this downtrend continues, it could lead to more short contracts, directly opposing buying activity from spot and DeFi investors.