In a major milestone for TRON (TRX), the blockchain has recorded the most significant drop in illicit activity in 2024, according to a report from TRM Labs. This decline is largely attributed to the efforts of the T3 Financial Crime Unit, a joint initiative involving Tether, TRON DAO, and TRM Labs, aimed at tackling illegal USDT transactions on the TRON network.
TRON saw the largest drop in illicit volume in 2024
— CryptoQuant.com (@cryptoquant_com) February 20, 2025
“A recent report by TRM labs noted that TRON saw the largest drop in illicit volume throughout 2024.
This achievement can largely be attributed to the T3 Financial Crime Unit – A collaboration between Tether, TRON DAO, and… pic.twitter.com/DYkOlJO7rN
Beyond its improved security landscape, TRON’s price has also seen a notable upswing, sparking renewed investor confidence. With a 12% surge since rebounding from a crucial support level, TRX is gaining momentum, suggesting a bullish outlook for the altcoin.
TRX’s Strong Price Action
TRON’s native cryptocurrency, TRX, has recorded a strong recovery, climbing from its key support level of $0.216 to its current price of $0.2493. This 12% increase highlights the growing optimism among investors. If the bullish trend persists, TRX could soon test the crucial $0.275 resistance level, potentially paving the way for further gains.
The reduction in illicit transactions appears to be a significant factor driving this price movement. As TRON establishes itself as a more secure and trustworthy blockchain, investor sentiment continues to improve. Given that TRX plays a major role in facilitating USDT transactions, a more reliable network is likely to enhance its long-term adoption.
What This Means for TRON’s Future
The combination of decreased illicit activity and rising prices bodes well for TRON’s future. With the T3 Financial Crime Unit actively mitigating fraudulent transactions, the network’s credibility is strengthening, making it more attractive to both developers and institutional players.
Looking ahead, TRX faces key resistance at $0.275. If the token breaks past this level, a further rally could be on the horizon. However, if momentum falters, a retracement to the $0.216 support level remains a possibility.
Also Read: Cardano (ADA) Price Holds Strong: Key Support Levels Signal Potential Breakout to $1
With TRON’s growing reputation as a secure and efficient blockchain, the ongoing developments could mark the beginning of a stronger market presence for TRX, bolstering its appeal to investors and users alike.
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.
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