TLDR

Tron (TRX) shows 98.44% of wallet addresses in profit, with current price at $0.2782
Daily transactions doubled from 4.3 million to 8.4 million over 30 days, indicating growing network usage
TRX has overtaken Ethereum in stablecoin volume, with stablecoin supply reaching record $76.189 billion
Total Value Locked increased by $1.634 billion since May 1st, rising from $5.19 billion to $6.824 billion
Trading volume spiked 60% to $1.25 billion daily, with TRX targeting $0.30 resistance level

Tron has experienced a surge in network activity and holder profitability. The cryptocurrency currently trades at $0.2782, representing a 2.75% increase in the past 24 hours.

Data from IntoTheBlock reveals that 98.44% of TRX addresses are currently profitable. This translates to 76.48 billion TRX tokens worth $21.17 billion showing gains. Only 1.56% of addresses holding 8.54 billion TRX remain at break-even levels.

The price increase comes alongside a volume spike of 59.57%, pushing daily trading to $1.25 billion. This represents institutional-level activity rather than typical retail trading patterns.

CryptoQuant data shows the 30-day moving average for daily transactions has nearly doubled. Transaction counts rose from 4.3 million to 8.4 million, indicating increased network adoption and usage.

Growing DeFi Ecosystem

Total Value Locked on Tron protocols has grown substantially over recent weeks. Since May 1st, TVL increased from $5.19 billion to $6.824 billion. This $1.634 billion increase suggests long-term capital commitment rather than short-term speculation.

Artemis data shows stablecoin supply on Tron reached a record high of $76.189 billion. This growth stems from the blockchain’s fast transaction speeds and low fees compared to alternatives.

The network has overtaken Ethereum in stablecoin volume. Users are choosing Tron for USDT transfers and DeFi transactions due to cost efficiency. This creates a cycle where increased activity drives TRX demand for transaction fees.

Technical Analysis Points Higher

TRX currently trades within a symmetrical triangle pattern on the 4-hour chart. The asset is testing the upper resistance line of this formation. A break above would confirm continued upward momentum.

The initial target sits at $0.2801, representing the pattern’s peak. However, Global In and Out of the Money data suggests minimal resistance until the $0.30 region.

Tron Price on CoinGecko

At $0.30, TRX faces potential supply pressure from 8.54 billion tokens worth approximately $2.3 billion. This level was last reached on December 9th of the previous year.

The current setup projects a potential 10.11% increase from current levels. This would bring TRX to new highs not seen since early December.

Justin Sun, Tron’s founder, previously predicted the token would reach new all-time highs before June ends. The current ATH stands at $0.4407, approximately 37.22% above current prices.

Market sentiment appears increasingly bullish as retail investors take notice of the profitability statistics. Social media discussions around TRX have turned positive, with analysts highlighting the network’s technical advantages.

The combination of strong fundamentals, increasing adoption, and technical momentum creates favorable conditions for continued price appreciation. Volume patterns suggest serious institutional interest rather than speculative retail buying.

Current network metrics show sticky capital rather than fleeting speculation, with users committing funds to long-term protocol participation rather than quick trades.

The post Tron (TRX) Price: 98.44% of Wallet Addresses Show Current Profits appeared first on Blockonomi.

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Filed under: Bitcoin - @ May 23, 2025 9:21 am