TRON's Price Surge: A Whale Tale
Caution: Contains explicit language and unfiltered insights
- Slang alert: Hode refers to a long-term holder of TRX
Share this post
- Share
- Tweet
The TRON Show goes on, despite user growth woes
Tron Maintains Position Amidst surge in Whale Transactions: Will $0.26 Resistance be Broken?
TRX, that little dog with a big bark, has gained a significant foothold in the crypto jungle by accommodating high-volume transactions with a negligible infrastructure.
Since 2021, it's been hanging tight with Ethereum's USDT supply while aiming to hit the $70 billion mark by early 2025.
Its low-cost transaction system has cemented its position as the go-to for P2P trading and cross-border payments.
Now, the number of new wallets generated has dropped like a rock, going from over 1.2 million daily wallets to a mere 600k by 2025.
But don't get it twisted, this ain't about giving up on expansion; it's about focusing on deeper usage and infrastructure development. As of press time, TRON's value is sitting at $0.2504, a modest 2.39% rise in the last day.
Are the big boys driving Tron?
Whales have been shaping TRX's price game since day one, and that ain't gonna change any time soon. In mid-February 2025, a whale of a surge in inflows sent TRX soaring.
Over the last week, whale inflows have skyrocketed by 99.35%, showing that folks are still interested as hell in TRX. The catch? The 7-day inflow surge outpaced the 40.87% drop in outflows.
Translation: Even with short-term wobbles, the market still digs TRX and is supporting its price growth.
Breaking the price barrier: Can $0.26 be smashed?
TRX has been bouncing between $0.24 and $0.26 like a pong ball for weeks now. They got resistance at $0.26, and support at $0.24.
But don't count TRX out yet. Key technical indicators suggest a breakout could be imminent, maybe even soon enough to break the $0.26 barrier.
The MACD is neutral, but there's a potential bullish crossover on the horizon, a sign of growth, son! Additionally, the 9-day moving average recently crossed above the 21-day moving average, hinting at potential short-term strength.
If TRX punks the resistance and keeps its momentum going, it could breeze past $0.26 and move up to $0.27 or higher.
What's fuelling TRX?
About 85% of TRX hoarders are swimming in profits with around 30 billion TRX floating in profitable wallets. This is a clear indication that the market is feeling optimistic.
However, there's some stones left unturned. Not many wallets have gone from being "out of the money" yet, meaning there could be selling pressure down the line as more hoarders approach the break-even point.
As of May 8, TRON's social dominance was 0.435%, representing a gradual increase in recent weeks.
However, the volume of social chatter is still kinda low, only 24 to be exact. That means while interest in TRON is on the rise, it hasn't created a storm just yet.
Pace of development - Is TRON moving fast enough?
Development activity on TRON has seen some ups and downs over the last few months.
As of May 2025, the activity score is a humble 0.405, a noticeable drop from earlier peaks in February and March when activity was boomin'. But don't freak out; the wider trend remains promising.
Whale activity, rising social sentiment, and steady development all point towards a strong potential for upward momentum, especially if TRX can bust through the $0.26 barrier.
But keep an eye out for those sneaky profit-takers, and the consolidation phase around key levels may limit temporary gains. If TRX can conquer resistance and maintain that positive vibe, a breakout could happen. Otherwise, we might be stuck in this dance until the music changes.
Want more? Take a survey for a chance to win $500 in USDT
Learn about Asian stock brokers starting to accept USDT and USDC for trading
Ethereum pushes towards $1,860 resistance zone, but let's get that ball rolling first
- In the crypto jungle, TRX, often referred to as the little dog with a big bark, has maintained a significant presence by accommodating high-volume transactions with a minimal infrastructure.
- Since 2021, TRX has been hanging tight with Ethereum's USDT supply, aiming to hit the $70 billion mark by early 2025.
- Despite a drop in the number of new wallets generated from over 1.2 million daily wallets to 600k by 2025, TRON is focusing on deeper usage and infrastructure development.
- Whales have been shaping TRX's price game since day one, and in mid-February 2025, a whale of a surge in inflows sent TRX soaring.
- Over the last week, whale inflows have skyrocketed by 99.35%, a clear indication that folks are still interested in TRX.
- Key technical indicators suggest a breakout could be imminent for TRX, with potential for it to smash the $0.26 barrier if it can conquer resistance and maintain its momentum.
