TRON (TRX) Surpasses $10B Daily Transaction Milestone Amid Trader Divergence on Price Outlook
The TRON network has achieved a significant milestone by surpassing $10 billion in daily transactions, highlighting its growing adoption and utility in the blockchain space. However, TRX traders remain divided on the cryptocurrency’s near-term price trajectory as it continues to trade within a tight consolidation range. Despite modest weekly gains, the lack of significant volatility has left the market in a state of uncertainty. This article delves into the latest developments surrounding TRON and explores the factors influencing its future price action.
TRON Hits $10B Transaction Milestone as TRX Traders Remain Divided on Future Price Action
The TRON network has surged past a $10 billion daily transaction threshold, marking a significant achievement for the blockchain. Despite this milestone, TRX traders appear split on the altcoin’s near-term trajectory as price action remains in consolidation.
TRX currently trades with less than 1% daily volatility, maintaining a weeks-long pattern despite a modest 3% weekly gain. Market metrics now suggest an impending breakout, with $0.32 emerging as a key resistance level that could determine the next major move.
The network’s growth contrasts with TRX’s subdued price performance, creating tension between on-chain fundamentals and market sentiment. Technical analysts note that overcoming current resistance could trigger the first meaningful trend change in months.
TRON Reaches Massive Milestone: Is TRX’s Price Primed to Rocket?
TRON’s network has achieved a significant milestone, driven by its fast transaction speeds and low costs. The platform now hosts nearly $72 billion worth of USDT, closely trailing Ethereum’s $74.5 billion. This growth underscores TRON’s rising prominence in the stablecoin market.
Despite this achievement, TRX’s price remains range-bound, caught between major buy and sell walls. Market participants are watching for signs of a breakout, but direction remains unclear.
The narrowing gap between TRON and Ethereum in USDT circulation highlights TRON’s accelerating adoption. Solana, Ton, and Avalanche lag far behind, with approximately $2 billion each.
TRON DAO Investigates X Hack Amid Record Network Revenue
TRON DAO has launched an investigation into a security breach on its X account, which occurred despite the network achieving record-high revenue. Hackers posted a contract address and sent unsolicited direct messages to users on May 2, prompting the team to warn against engaging with such communications.
The breach stemmed from a social engineering attack targeting a team member, enabling the attackers to maintain contact with users even after the account was reclaimed. TRON DAO emphasized it never solicits payments or shares contract addresses via DMs.
As the probe continues, the incident highlights persistent security challenges in blockchain ecosystems, juxtaposed against TRON’s financial performance.
