The post All about TRON’s $10B latest milestone and why TRX traders are split appeared on BitcoinEthereumNews.com.

Transaction value has climbed to a significant high on the TRON network, with daily transactions crossing a new threshold TRX could see a breakout rally to $0.32, with just one key obstacle ahead TRX, at the time of writing, was still on a path of consolidation, with the altcoin maintaining its trajectory for weeks despite recent milestones. This was evidenced by the altcoin’s price action, with the crypto falling by less than 1% in 24 hours, after recording a weekly hike of just over 3%. This might change soon though. In fact, TRX might exit this consolidation phase for the first time in weeks soon. Especially on the back of several market metrics flashing green and hinting at the possibility of an incoming rally.  New billion dollar milestone According to CryptoQuant, the TRON blockchain has now hit a new milestone, with $10 billion in transaction value processed so far. This surge in transaction value was followed by an uptick in daily transaction count, with the same climbing to 8.4 million on the charts.  Source: CryptoQuant Here, it’s worth pointing out that this milestone is unique to a select group of blockchains, placing TRON among the top players in the market. Now, news of this nature tends to have a positive effect on the blockchain’s native token. That is why AMBCrypto analyzed TRX to examine how the market reacted to the development and what to expect from the asset in the near term.  Sellers and buyers enter the arena On the back of this milestone, large investors holding significant amounts of TRX have started selling. At the time of writing, these large traders had sold 26.83 million TRX worth approximately $6.5 million, with the same evidenced by exchange netflow data from IntoTheBlock. Source: IntoTheBlock According to the same, 13.39 million TRX…

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Filed under: News - @ May 2, 2025 7:27 pm