Tron(TRX) Poised for Breakout as Network Activity Doubles
Tron’s blockchain has seen a significant surge in activity, with daily transactions doubling from 4.3 million to 8.4 million in recent weeks. This increase in on-chain metrics aligns with TRX’s recent 10% price rally and growing adoption of stablecoins on the network. Analysts are optimistic about TRX’s potential for further gains, citing rising liquidity inflows and minimal resistance. The $0.30 price level is identified as a key target, with current momentum suggesting a possible breakout in December. As of now, the TRX price stands at 0.27140000 USDT.
Tron Transactions Surge as TRX Eyes Breakout Rally
Tron’s blockchain activity has doubled in recent weeks, with daily transactions soaring from 4.3 million to 8.4 million. This surge in on-chain metrics coincides with TRX’s 10% price rally and growing stablecoin adoption.
The network’s rising liquidity inflows and minimal resistance suggest potential for further gains. Analysts note the $0.30 price level as a key target, with current momentum pointing toward a December breakout.
CryptoQuant data reveals strengthening fundamentals behind TRX’s price action. The altcoin has maintained a tight bullish range despite market volatility, now trading 1.73% higher over 24 hours.
Trump Gifts Tron Founder Justin Sun Golden Watch for Being Top $TRUMP Holder
Tron founder Justin Sun received a Trump-branded Golden Tourbillon watch as recognition for holding the largest amount of the $TRUMP memecoin. The award was presented during an exclusive crypto dinner hosted by former President Donald Trump at his Virginia golf club.
The event, which required attendees to spend a combined $148 million to qualify, drew political criticism and protests over Trump’s deepening connections to the cryptocurrency industry. Sun, a prominent crypto billionaire and supporter of Trump-linked initiatives, emerged as the top holder of the $TRUMP token among the 220 guests.
Canary Capital’s TRX ETF Filing Sparks Modest Gains for Tron Amid Broader Crypto Rally
Tron’s TRX recorded an 11% monthly gain as Canary Capital’s staked ETF proposal drew SEC acknowledgment—a muted performance compared to broader market rallies. The filing aligns with a wave of altcoin-focused ETF applications, though regulatory delays persist across the sector.
While Bitcoin and ethereum dominate ETF discussions, the move signals growing institutional interest in alternative layer-1 blockchains. TRX’s price action remains subdued despite the development, suggesting cautious market sentiment toward regulatory hurdles.
