Tron Whales Go Nuts With 526% Activity Surge, TRX Price To Follow?
Main Idea
Tron (TRX) has experienced a 526% surge in large transaction volume, indicating increased whale activity, while its price shows mixed movements amid profit-taking.
Key Points
1. Tron's large transaction volume reached $1.58 billion (4.7 billion TRX), a 526% surge in 24 hours, signaling heightened whale activity.
2. TRX price dropped 2.09% to $0.336 due to profit-taking, despite earlier rallying to $0.35 on July 29.
3. In June, 20.5 billion TRX ($5.4 billion) was transferred, marking a 61% increase in on-chain activity.
4. Market analysts suggest a 98% chance TRX could breach $0.35 and target $0.40, potentially retesting its all-time high of $0.44.
5. Support for TRX is expected at the daily SMA 50 of $0.292 if a price correction occurs.
Description
TRX sees substantial on-chain activity, attracting interest in market
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