Tron (TRX) Soars to $0.42 Amid Bullish Momentum and Token Burns

Tron's TRX has surged to $0.42, driven by strong bullish momentum and a strategic token burn mechanism that has removed 40 billion tokens from circulation. Year-to-date realized gains for TRX now rank among the highest in the cryptocurrency market, trailing only Bitcoin and Ethereum. However, the rally is showing signs of strain as profit-taking activity emerges, particularly among holders from the 2020-2021 cycle. Glassnode data indicates that these investors are capitalizing on their gains, with the network's SOPR metric reflecting this trend. Despite these concerns, the ongoing token burns and sustained interest in TRX suggest potential for further upside, making it a cryptocurrency to watch closely in the coming months.

TRX Hits $0.42 Amid Profit-Taking Concerns

Tron's TRX surged to $0.42, fueled by a combination of sustained bullish momentum and a strategic burn mechanism that has removed 40 billion tokens from circulation. Year-to-date realized gains now rank among the highest in crypto, trailing only Bitcoin and Ethereum.

The rally shows signs of strain as profit-taking emerges. Glassnode data reveals holders from the 2020-2021 cycle are capitalizing on gains, with the network's SOPR metric hovering at 1.04. Daily volume remains robust at $920 million despite price stagnation.

August's burn rate accelerated dramatically, destroying 166 million TRX—ten times July's figures. This artificial scarcity play appears to be losing steam against mounting sell pressure from long-term holders.

Undervalued Altcoins Under $1 Gain Traction as Crypto Markets Show Bullish Signals

Mutuum Finance (MUTM) and TRON (TRX) are emerging as standout altcoins under $1, drawing investor interest amid early signs of a potential bull run. MUTM's decentralized credit market innovations have fueled a $14.1 million presale, with Phase 6 currently priced at $0.035—offering a projected 71.43% ROI at its $0.06 listing price. Over 14,800 token holders have been onboarded.

TRX consolidates NEAR $0.32 after breaking key resistance, with technical analysis suggesting a cup-and-handle pattern could propel it toward $0.38. The Tron network's liquidity remains robust, underscored by $22 billion in USDT minted this year.

4 Highest Potential Cryptos in 2025: Cold Wallet, VeChain, Algorand, & Tron

Investor Optimism in cryptocurrency often stems from transformative potential rather than raw metrics. The market's allure lies in identifying undervalued assets with capacity for exponential growth—projects combining technological rigor with real-world adoption.

Cold Wallet (CWT) emerges as a standout presale opportunity at $0.00942, leveraging its acquisition of Plus Wallet's 2 million-user infrastructure. The platform integrates cashback incentives, DAO governance, and zero-knowledge privacy protocols—positioning itself as a dark horse for the 2024-2025 cycle.

VeChain, Algorand, and tron complete the shortlist, each demonstrating unique value propositions in enterprise blockchain, institutional-grade DeFi, and decentralized content ecosystems respectively. These projects exhibit the rare trifecta of technical merit, growing developer activity, and measurable network effects.

Tether Dominates Blockchain Fees with 40% Share from USDT Transfers

Tether CEO Paolo Ardoino disclosed that 40% of all fees paid on major blockchains are attributed to USDT transfers. The data, spanning nine networks including Ethereum, Tron, and Solana, highlights the stablecoin's outsized role in on-chain activity.

USDT's fee dominance underscores its utility as a hedge against inflation in emerging markets. "Hundreds of millions use USDt daily to protect savings from currency devaluation," Ardoino noted. The metric serves as a proxy for adoption, with users willing to pay native token fees (like ETH) to MOVE the dollar-pegged asset.

The revelation comes as stablecoins increasingly function as the dollar rails of crypto economies. Tether's market share reflects both network effects and the practical demands of cross-border settlements in volatile economies.

Altcoin Deposits to Binance Surge to One-Week High Amid Market Weakness

Altcoin deposits on Binance have reached a one-week high, signaling a potential shift in trader behavior as prices for top assets excluding bitcoin and stablecoins show weakness. CryptoQuant data reveals cumulative inflows spiked suddenly, sparking speculation over whether this reflects preparation for a sell-off or heightened trading activity.

The surge in deposits coincides with Bitcoin's record rally, suggesting some altcoin holders may be positioning to capitalize on the strong market. Historical patterns indicate such inflows often precede local market tops and subsequent drawdowns.

Notably, the 45,000+ incoming transactions mark a sharp reversal from months of subdued activity. While Binance saw pronounced inflows, deposits to Bybit diminished, with Coinbase and smaller exchanges experiencing more moderate increases.

TRX Holders Realize $1.4B Profits in Second-Largest Sell-Off This Year

Long-term TRON (TRX) investors cashed out over $1.4 billion in profits within 24 hours, marking the token's second-largest profit-taking event of 2024. Glassnode data reveals this sustained selling wave—averaging nearly $1 billion daily since Saturday—represents the most significant realized profit activity for TRX in months.

The sell-off predominantly originated from wallets holding TRX for 3-5 years, suggesting early adopters from the 2020-2021 cycle are capitalizing on recent gains. Remarkably, this isn't panic selling: key metrics like Spent Output Profit Ratio (SOPR >1) and net unrealized P/L indicate strategic profit-taking during strength. TRX price remains resilient, up 1% amid the sell-off and boasting a 31% YTD gain that outperforms most major altcoins.