Tron TRX Surges as Whales Return and Network Activity Hits Record Highs

Tron (TRX)

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  • Whales dominate Tron network, driving 86% of USDT transfers.
  • TRX price rebounds from $0.29 to $0.35 amid strong retail buying.
  • Network adoption surges, with active accounts nearing 300M and daily transactions hitting 11.4M.

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Tron (TRX) has staged a notable recovery this week, rising from a low of $0.29 to a local high of $0.355, before slightly retracing to $0.352 at press time. This rebound comes amid a broader market uptick and significant on-chain activity, signaling renewed investor confidence in the altcoin.

Whales Lead the Charge on Tron

Recent data from CryptoQuant shows a surge in large-scale USDT transfers on the Tron network, with 86% of transactions over $100k as of September 13 driven by whales and institutional players. According to analyst Darkfost, such dominance is the highest the network has seen since 2023.

The resurgence in whale activity coincides with Tron’s recent Nasdaq introduction, which has increased institutional interest and high-value flows into the network. Historically, these large transactions are key indicators of market confidence and often precede sustained price growth.

Network Metrics Signal Growing Adoption

Tron’s on-chain metrics indicate robust network activity. Dune data shows Total Active Accounts reaching 298.6 million, with 30-day active accounts climbing to 15.5 million. Daily transactions have surged from 4 million in 2023 to 11.4 million today, highlighting consistent user engagement.

Tron active accounts
Source: Tradingview

Rising active accounts alongside increasing transactions reflects healthy adoption and network utilization. In crypto markets, this combination often correlates with long-term value appreciation and signals that Tron’s performance is supported by tangible usage rather than speculative hype.

Retail Investors Join the Rally

Retail investors are also participating in the recovery. According to Coinalyze, TRX has seen consistent buying pressure over the past five days, with 218.89 million in buy volume compared to 153.9 million in sell volume, resulting in a Buy-Sell Delta of 64.9 million. This aggressive accumulation from smaller investors mirrors whale activity, strengthening upward momentum.

Tron buy sell volume
Source: Coinalyze

Momentum indicators confirm the bullish sentiment. The Relative Strength Index (RSI) has climbed to 58, entering bullish territory, while the Stochastic RSI surged to 99, signaling potential overbought conditions. These metrics suggest strong upward momentum but also hint at short-term volatility.

Also Read: SUI Price Targets Breakout as $50M Buyback Signals Strong Investor Confidence

Tron’s recent price surge from $0.29 to $0.35 is supported by both whale and retail activity, as well as a robust increase in network usage. As adoption grows and market demand strengthens, TRX could sustain its bullish trajectory, though investors should remain cautious of potential short-term volatility.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.