|
Getting your Trinity Audio player ready...
|
Key Takeaways:
- TRON USDT transfers to CEXs surged 93%, with Binance handling 70% of the volume.
- TRON’s stablecoin supply exceeds $80B, strengthening its role as a settlement layer.
- TRX accumulation, despite negative sentiment, hints at a potential breakout in the making.
TRON (TRX) is showing signs of bullish momentum after a significant spike in USDT transfers via its blockchain. According to CryptoQuant, centralized exchange (CEX) inflows via TRON-based USDT jumped from $1.5 billion to over $2.9 billion between July 9 and July 16—a massive 93% increase in just one week. The bulk of this volume, approximately 70%, was routed through Binance, reaffirming the exchange’s central role in TRON-based liquidity.
With TRX trading at $0.125, many investors and analysts are watching closely for signs of an imminent breakout.
TRON’s $80 Billion Stablecoin Supply Cements Its Role in Crypto Settlements
TRON has now surpassed $80 billion in total stablecoin supply, making it one of the largest public blockchain platforms for stablecoin transactions. This rapid growth, highlighted by TRON DAO, reinforces the network’s status as a preferred settlement layer for USDT due to its low transaction fees and high throughput.
The increased trust and adoption suggest that TRON’s fundamentals are strong, which could help drive sustained upward pressure on TRX in the long term—especially during periods of market volatility when users seek faster and cheaper alternatives.
Accumulation Phase? $25.7M in TRX Inflows Hint at Growing Investor Confidence
TRX recorded $25.7 million in net inflows at press time, according to CoinGlass, flipping a previously negative trend. This reversal may indicate quiet accumulation, especially when aligned with other bullish indicators such as growing USDT volume and expanding stablecoin infrastructure.
Historically, steady inflows have often preceded price rallies. While not a guarantee, the timing and scale of these inflows strengthen the case for upward movement in TRX.
Sentiment Lags Behind On-Chain Growth—A Contrarian Opportunity?
Despite strong metrics, TRX’s Weighted Sentiment remains negative at -0.55, and its Social Dominance is near record lows. This disconnect between market sentiment and blockchain performance suggests that investors have yet to fully price in TRON’s growth.
Such divergences often mark inflection points, where rising fundamentals eventually shift public perception. For contrarian traders, this could be an opportunity to get ahead of the crowd.
TRX Open Interest (OI) surged 18.8% to $517.33 million, showing a rise in speculative trading activity. While rising OI alone doesn’t confirm direction, when combined with positive netflows, stablecoin accumulation, and CEX inflows, it paints a picture of building bullish pressure.
This spike suggests growing anticipation of price movement and could act as a trigger for TRX’s next major move—upward if current trends hold.
TRON’s ecosystem is exhibiting multiple bullish signals: a doubling of USDT transfers, record-high stablecoin supply, rising Open Interest, and capital inflows into TRX. Though retail sentiment remains weak, the on-chain data supports a narrative of quiet positioning and potential upside.
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
Also Read: Ripple, TRON, Coinbase Celebrate GENIUS Act as US Embraces Crypto Innovation
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
