Tron (TRX) Large Transaction Volume Surges 526%, Suggesting Possible Increased Whale Activity
Main Idea
Tron (TRX) has experienced a 526% surge in large transaction volume, reaching $1.58 billion, indicating increased whale activity and strong network demand, despite a slight price decline.
Key Points
1. Tron's large transaction volume surged 526% to $1.58 billion in 24 hours, reflecting heightened whale activity.
2. TRX on-chain transfers increased by 61% year-over-year, totaling $5.4 billion in June.
3. TRX price declined 2.09% to $0.336 amid profit-taking and broader market downturns, but showed resilience by rallying to $0.35 on July 29.
4. Traders anticipate TRX to test resistance at $0.35 and potentially $0.40 if upward momentum continues, with the all-time high of $0.44 remaining a target.
5. The surge in large transactions suggests significant investor engagement and potential price impact.
Description
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