TRON has taken significant strides to restore its reputation and reduce illicit activities on its blockchain. Partnering with Tether and TRM Labs, TRON established the T3 Financial Crime Unit (T3 FCU) to combat criminal activity within its ecosystem. These efforts have yielded tangible results, as highlighted by a TRM Labs report, which reveals a substantial decline in illicit transactions on TRON.
The numbers speak for themselves. Already seeing huge success for T3 FCU… and this is just the start. @Paoloardoino @Tether_to Looking forward to what we achieve together in 2025… and reading the full Crypto Crime Report from @trmlabs https://t.co/jS6jHCxgeq. pic.twitter.com/QPvarHg6uH
— H.E. Justin Sun 🍌 (@justinsuntron) January 16, 2025
Despite accounting for 58% of illicit crypto volume among blockchains, TRON has made notable progress. Illicit volume on its network dropped by $6 billion, with criminal activities nearly halving. Sanctioned entities were linked to 49% of this activity, while 32% involved blacklisted funds. TRON’s low transaction fees, robust smart contracts, and integration with popular stablecoins have made it a preferred choice for users, but its proactive stance against illegal activity is cementing trust among stakeholders.
Since its inception, the T3 FCU has frozen over $130 million in illicit proceeds, showcasing the blockchain’s commitment to fostering a secure ecosystem. This proactive approach has bolstered investor confidence, translating into positive market performance for TRX.
TRX on the Rise
The decline in criminal activity has positioned TRON’s native token, TRX, for growth. Over the last 24 hours, TRX saw a 3.02% price hike, trading at $0.244 at the time of writing. This uptrend reflects the strengthening bullish momentum in the market.
TRX’s Relative Strength Index (RSI) indicates increased buyer activity, while the Moving Average Convergence Divergence (MACD) line suggests an impending bullish crossover. Additionally, declining netflows to exchanges point to heightened accumulation, with whales showing renewed interest in the altcoin.
Looking Ahead
TRON’s focus on combating illicit activity is not just a win for the network but a step toward broader blockchain adoption. By fostering trust and gaining regulatory approval, TRON is well-positioned for further growth. As TRX continues its upward trajectory, market participants are optimistic about sustained momentum.
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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