Tron (TRX) Shows Resilience Amid Altcoin Market Correction
The cryptocurrency market experienced a sharp correction this week, with altcoins suffering significant losses. While Bitcoin demonstrated relative stability, the altcoin market cap plummeted nearly 10%, dropping from $1.57 trillion to $1.4 trillion. This sell-off triggered $1 billion in liquidations in derivatives markets, catching many leveraged traders off guard. Amid this turbulence, Tron (TRX) has shown notable resilience, positioning itself as a standout performer in the current market climate. As of July 2025, the broader crypto market cap stands at $3.78 trillion after a 5% decline, with altcoins bearing the brunt of the correction as traders take profits following recent rallies.
Altcoin Market Sees Sharpest Correction in Weeks as Traders Take Profits
The cryptocurrency market faced a significant pullback this week, with altcoins bearing the brunt of the sell-off. Total market capitalization dropped 5% to $3.78 trillion, while the altcoin-specific market cap plunged nearly 10% from $1.57 trillion to $1.4 trillion. Bitcoin showed relative resilience, exacerbating losses for leveraged traders.
Derivatives markets witnessed nearly $1 billion in liquidations within 24 hours, with longs accounting for 84% of the damage. The bloodbath swept across nearly all altcoins, with losses ranging from 6% to over 20% according to CryptoBubbles data. This correction appears to mark the first substantial profit-taking event after four consecutive weeks of gains.
10x Research suggests Asian trading hours served as the primary catalyst for the recent rally now undergoing correction. The liquidation cascade particularly punished overleveraged traders who bet on continued upside during what proved to be a classic bull market pullback.
Tron TVL Drops $136 Million Ahead of Nasdaq Bell Ceremony
Tron's Total Value Locked (TVL) has declined by $136 million just weeks after announcing a $210 million reverse merger IPO. The blockchain platform confirmed a Nasdaq bell-ringing ceremony for July 24, 2025, signaling its transition toward public markets through unconventional means.
Founder Justin Sun will lead the event at Nasdaq's Times Square headquarters, with Eric TRUMP joining the newly formed Tron Inc. leadership. The ceremony marks a strategic pivot toward blockchain-powered treasury holdings and next-generation digital infrastructure.
Market observers note the TVL drop coincides with investor uncertainty about reverse merger mechanics. Unlike traditional IPOs, this backdoor listing avoids direct SEC scrutiny by merging with an existing public entity.
$TRUMP Token Launches on TRON Network via LayerZero's Omnichain Technology
TRON DAO has expanded its ecosystem with the deployment of the $TRUMP token on the TRON blockchain, leveraging LayerZero's Omnichain Fungible Token standard. The move signals growing political tokenization trends in decentralized finance.
The integration enables cross-chain functionality for the politically themed asset, though its utility remains speculative. tron continues to position itself as a hub for tokenized assets beyond traditional cryptocurrencies.
BitTorrent Price Forecast 2025-2031: Assessing BTT's Investment Potential
BitTorrent (BTT), the cryptocurrency tied to the decentralized file-sharing protocol, shows bullish projections through 2031 despite recent market volatility. Analysts forecast a 79% surge to $0.00000129 by 2025, with momentum building toward $0.00000345 by 2028. The 2031 outlook suggests a potential range between $0.00000518 and $0.00000561, reflecting growing utility in decentralized data storage networks.
Since its 2019 acquisition by Tron Foundation, BTT has sought to monetize its 986 trillion token supply through blockchain integration. Current metrics show a $667.75 million market cap with $26.68 million daily trading volume, though prices remain 4.19% down at $0.0000006764. Market watchers note the token's success hinges on broader crypto adoption and BitTorrent's ability to convert its massive user base into sustained demand.
