Whales Go Wild: Tron’s 526% Surge Makes a Splash 🐳💰

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Tron (TRX), the ninth-largest cryptocurrency by market capitalization, has seen a 526% surge in large transaction volume, a metric that denotes whale activity. It’s like the whales decided to throw a party in the ocean, and they invited all their crypto friends. 🌊🎉

According to IntoTheBlock data, Tron’s large transaction volume reached $1.58 billion, or 4.7 billion TRX in cryptocurrency terms, representing a 526% surge in the last 24 hours. That’s more TRX than you can shake a stick at, unless you’re really good at shaking sticks, which I hear is a thing now.

A spike in large transaction volume often indicates increased whale activity, either buying or selling, and comes amid a recent surge in network activity for the Tron network. According to CryptoQuant, TRON network activity remains at a multi-year high. It’s like the Tron network is having a mid-life crisis and decided to buy a sports car, only this sports car is made of digital tokens and runs on blockchain fuel. 🚗🔥

TRX, TRON’s native currency, continues to see substantial on-chain activity, with 20.5 billion TRX, or $5.4 billion, transferred in June alone, a 61% increase YoY. Sustained TRX transfers indicate increased on-chain economic activity and demand for the major cryptocurrency. It’s like the Tron network is the new cool kid in town, and everyone wants to be its friend. 😎🌈

TRX price to follow?

TRX was down 2.09% in the last 24 hours to $0.336 due to profit-taking and the broader crypto market decline as investors anticipated the Fed’s interest rate decision. It’s like the market decided to take a breather after running a marathon, but don’t worry, it’s probably just catching its breath before it sprints off again. 🏃‍♂️💨

TRX rallied to $0.35 on July 29, a high last seen in early December 2024 after steadily rising in recent months. The recent increase may have prompted traders to lock up profits while they await the next move. It’s like the market is playing a game of “hot potato” with TRX, passing it around until someone decides to hold onto it for a bit longer. 🥔 Playboy Bunny

The cryptocurrency market is largely trading in red in the early Wednesday session, with $277 million in liquidations, according to CoinGlass data. It’s like the market is having a bad hair day, and no amount of product can fix it. 💇‍♀️💔

The Fed will announce its interest rate decision on Wednesday afternoon, and it is widely expected to hold rates unchanged. Traders are pricing in a roughly 98% chance that the central bank will maintain its benchmark rate between 4.25% and 4.5%. It’s like the Fed is playing it safe, which is understandable when you’re dealing with the world’s financial system. 🏦🔒

If upward momentum resumes, TRX would aim for a successful breach of $0.35 and then $0.40, followed by a retest of the all-time high of $0.44 set in December 2024. Support is expected at the daily SMA 50 at $0.292 in the event of a drop. It’s like TRX is climbing a mountain, and the higher it goes, the more breathtaking the view. 🏔️🌄

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2025-07-30 15:28