TRON (TRX) Proposes Token Supply Cut: A Bullish Catalyst for Price Surge
The TRON network has introduced Proposal No. 102, which aims to significantly reduce block generation rewards by 50% and cut voting rewards for top Super Representatives. This strategic move could elevate TRX''s annual deflation rate from 0.85% to 1.29%, potentially increasing the scarcity and value of existing TRX holdings. Voting on the proposal remains open until June 13, with early supporters including Poloniex and Abra Capital, while notable absentees like Binance Staking and others have yet to weigh in. This development could serve as a bullish catalyst for TRX, as reduced supply often leads to increased demand and higher prices in the cryptocurrency market. Investors and traders are closely watching the outcome of this proposal, as it could mark a pivotal moment for TRON''s ecosystem and TRX''s market performance.
TRX Price Eyes Breakout as TRON Proposes Token Supply Cut
The TRON network has put forward Proposal No. 102, aiming to slash block generation rewards by 50% and reduce voting rewards for top Super Representatives. This move could elevate TRX''s annual deflation rate from 0.85% to 1.29%, potentially increasing scarcity and value for existing holders.
Voting remains open until June 13, with Poloniex and Abra Capital among early supporters. Notable absentees include Binance Staking and Google Cloud, leaving the outcome uncertain. TRX gained 3% to $0.29, testing a crucial resistance level at $0.30 that could pave the way toward $0.33 if broken.
TRON Steady as Ruvi AI Delivers Explosive Presale Gains
TRON (TRX) holders have seen a modest 10% monthly gain, reflecting the blockchain''s stable growth in decentralized applications. Meanwhile, Ruvi AI (RUVI) has outpaced the market with a 50% return for Phase 1 presale investors in mere weeks—fueled by its AI-driven blockchain solutions and scalable infrastructure.
The contrast highlights a classic market divergence: TRON''s reliability versus Ruvi AI''s high-risk, high-reward trajectory. With Phase 2 tokens priced at $0.015 and $1.6 million already raised, Ruvi AI''s momentum suggests speculative appetite remains voracious for disruptive tech narratives.
Tron (TRX) Whale Activity Surges Amid Price Recovery and Stablecoin Growth
Tron''s TRX token gained 3.9% in 24 hours to $0.294, though still 31.8% below its December 2024 all-time high of $0.43. The rebound coincides with substantial whale accumulation, with large wallets increasing holdings by 10.17% and mid-tier investors adding 41.19% over the past month.
Tether''s $1 billion USDT minting event on June 9 marks the largest single issuance on Tron this month, signaling growing ecosystem liquidity. This contrasts with a $2 billion decline in lending protocol TVL, creating an intriguing divergence from TRX''s price action.
With 92.39% of holders currently profitable, TRX tests upper resistance at $0.29. The simultaneous whale accumulation and stablecoin expansion suggest institutional players are positioning for potential momentum.