Tron (TRX) Faces Downward Pressure Amid Whale Sell-Off: Key Support Levels Breached

The cryptocurrency market has seen mixed movements this week, with Bonk (BONK) surging 38% due to retail and smart money accumulation, while Tron (TRX) faces downward pressure after whale activity triggered a 1.85% drop. Despite BONK's bullish derivatives sentiment, resistance persists at $0.00003461 and $0.00003680, with spot buyers moving $31.44 million into private wallets. On the other hand, TRX has breached key support levels, and the sell-off shows potential for further extension as market sentiment sours. This contrast highlights the volatile nature of the crypto market, where innovations like BlockDAG's mining technology coexist with rapid price swings in established tokens like BONK and TRX.

BlockDAG's Mining Innovation Contrasts With BONK Rally and TRX Decline

Bonk (BONK) surges 38% this week as retail and smart money accumulation fuels bullish derivatives sentiment. Resistance persists at $0.00003461 and $0.00003680 despite spot buyers moving $31.44 million into private wallets.

TRON (TRX) faces downward pressure after whale activity triggers a 1.85% drop, breaching key support levels. The sell-off shows potential for further extension as market sentiment sours.

BlockDAG (BDAG) emerges as a standout with its upcoming X1 and X10 miners demo, targeting mainstream accessibility through mobile mining. The project's $348 million raise and 24.2 billion coins sold position it for potential upside before its August 11 entry price adjustment.

Justin Sun to Become Youngest Chinese Commercial Astronaut Aboard Blue Origin’s New Shepard

Justin Sun, founder of TRON and a prominent figure in the cryptocurrency space, is poised to make history as the youngest Chinese-born commercial astronaut. He will be the first Forbes-cover crypto entrepreneur to travel to space on Blue Origin’s New Shepard mission. The flight, part of the program’s 14th human flight and 34th overall, marks a milestone in private space exploration.

In 2021, SUN secured the first seat on New Shepard with a $28 million bid, with proceeds donated to Blue Origin’s Club for the Future. The foundation allocated $1 million grants to 19 space-focused nonprofits, aiming to inspire future generations in STEAM fields and advance the vision of space accessibility for all.

"We are witnessing the beginning of a new chapter in human exploration," Sun remarked. "Space is becoming a frontier for innovators and dreamers, not just governments." The launch date will be announced soon, with a live webcast available 30 minutes prior to liftoff.

Tron Outpaces Ethereum in Fee Revenue as TRX Burn Accelerates

Tron (TRX) surged to a yearly high of $0.3344 last Friday, marking its strongest performance since December 2024. The rally reflects robust market confidence, with technical indicators signaling further upside potential. While many altcoins remain range-bound, TRON's uptrend stands out, bolstered by improving fundamentals.

On-chain metrics reveal a pivotal shift: Tron's network fees have eclipsed Ethereum's and now rival Bitcoin's. The platform averages $1.29 in monthly transaction fees—a testament to growing activity and modestly rising costs. This milestone cements Tron's dominance in fee-based revenue generation, reinforcing its position in smart contracts and stablecoin markets.

The fee surge coincides with accelerating TRX burn rates, creating a deflationary tailwind. Analyst Darkfost notes the trend isn't merely speculative—it's driven by explosive on-chain activity. As adoption grows without deterring users, the network effects align perfectly with TRX's price momentum.

Tron Founder Justin Sun to Join Blue Origin's Next Crewed Space Mission

Tron founder Justin Sun will be among the six passengers aboard Blue Origin's upcoming NS-34 mission, marking his long-awaited spaceflight after winning a $28 million auction seat in 2021. The flight, which will cross the Kármán line into recognized space territory, includes a diverse group of entrepreneurs and professionals.

Sun's participation continues the trend of high-profile figures engaging with commercial space travel. Blue Origin's program has previously transported celebrities like William Shatner and Katy Perry, blending space exploration with mainstream cultural influence.

The crypto entrepreneur's space ambitions coincide with his continued prominence in digital asset circles, having recently appeared on Forbes' 2025 cover as one of cryptocurrency's most vocal advocates. This mission represents another milestone in the growing intersection between technological innovation and space accessibility.