Tron (TRX) has recorded a remarkable 526% surge in large transaction volume over 24 hours, reaching $1.58 billion. This spike signals heightened activity from major investors—commonly termed ‘whales’—and underscores robust network demand despite prevailing market fluctuations.
Supporting this momentum, TRX on-chain transfers grew 61% year-over-year, with transactions totaling $5.4 billion in June. The increased network usage highlights TRX’s expanding utility and adoption across decentralized applications.
Despite these gains, TRX faced a 2.09% price dip to $0.336 following market-wide downturns and profit-taking maneuvers. The token demonstrated resilience, however, rebounding to $0.35 in subsequent trading sessions as buyers regained momentum.
Analysts now eye critical resistance levels at $0.35, with a potential push toward $0.40 if the bullish sentiment persists. TRX’s all-time high of $0.44 remains a longer-term technical target, contingent on sustained investor engagement.
The explosive growth in whale transactions suggests strong market confidence in TRX’s fundamentals and could exert significant influence on near-term price trajectories.