TRON’s token TRX has barely budged despite a flurry of on‑chain action. Traders saw a 5% gain over the past week and a measly 0.50% uptick in the last 24 hours. But behind those mild price moves, there’s a storm of activity that could shape how TRX fares in the days ahead. Surge In On‑Chain Activity According to data from Artemis, daily transaction counts shot up to over 9 million, up from 7.5 million the day before. That jump in numbers sent active addresses soaring. On‑chain participants climbed to 2.7 million, marking the highest level since June 6. Based on reports, much of this traffic appears tied to stablecoin transfers rather than new users or fresh investment. The spike in transaction volume doesn’t match TRX’s price action. That gap hints at wallets moving funds out of exchanges, routing payments, or chasing yield elsewhere. Users aren’t rushing to hold TRX for its own sake. They’re using the network as a highway and then driving off into other chains. Stablecoin Outflows Hit Record High According to Artemis, TRON’s stablecoin supply hit $80 billion in June, setting a new milestone for the network. Since then, about $185 million worth of stablecoins have fled the chain. That outflow marks a sharp reversal in user habits. People who once parked their USDT and other tokens on TRON look to be shifting them to new destinations. The pullback follows a broader rotation in crypto markets where investors chase better rates or lower fees. TRON once drew crowds for its low transaction costs. Now, competing chains and Layer 2 platforms are undercutting its edge. That has cut into TRX’s role as the network’s workhorse token. Revenue And TVL Take A Hit Artemis figures show that TRX’s total revenue plunged to just $114,000 in a single day. That number sits at a four‑year low. Network fees in TRON come from “bandwidth” and “energy,” so when users batch transfers or switch to zero‑fee bridges, fee income collapses fast. Based on data from DeFiLlama, total value locked on TRON protocols fell by 0.50% in 24 hours, a drop from $4.80 billion to $4.85 billion. That’s about $26 million walking out the door. While a half‑percent move might look small, it underlines a trend. Every million dollars that leaves makes it tougher for lending pools and yield farms to keep their rates up. Despite the outflows, TRX hasn’t broken key support levels yet. It still trades above areas that buyers defended in late spring. But if TVL keeps sliding and stablecoins continue to exit, we could see more pressure on the token’s price. Featured image from P2P.org, chart from TradingView

Tron (TRX) is currently navigating a prolonged consolidation phase that began in December 2024, with prices oscillating between key levels and no clear breakout direction in sight. Despite this range-bound action, Tron remains firmly in the spotlight as fundamental developments capture market attention. The most significant news came two weeks ago, when reports revealed that Tron is preparing to go public via a reverse merger with Nasdaq-listed SRM Entertainment. This potential listing could mark a major milestone for the blockchain platform, potentially making it the first major crypto network to enter US public markets directly. At the same time, on-chain data signals growing momentum beneath the surface. According to insights from CryptoQuant, DeFi activity on the Tron network has been steadily expanding. Rising transaction volumes, increasing deposits in JustLend, and record swap activity on SunSwap point to deepening liquidity and user engagement. These developments highlight a maturing ecosystem, but the market has yet to price in a breakout move. As consolidation continues, traders and investors are closely watching for the next major catalyst. Whether Tron’s public listing or accelerating DeFi traction triggers it remains to be seen, but momentum is quietly building. Tron DeFi Growth Signals Underlying Strength Tron is testing critical price levels after months of sideways movement, consolidating between $0.211 and $0.295. This range has acted as a structural base since late 2024, and a clean break in either direction could determine Tron’s next major trend. A breakout above $0.295 would likely trigger fresh momentum toward new local highs, while failure to hold support could expose the asset to deeper corrections. While the broader crypto market anticipates upward expansion—supported by the rally in US equities and a more stable macro backdrop—Tron remains trapped in this tight band. Volatility persists, and without a decisive breakout, market participants remain cautious. Still, underlying fundamentals suggest TRX may be quietly gathering strength. According to CryptoQuant data, DeFi activity on the Tron network is rising rapidly. SunSwap has surpassed $3 billion in monthly swap volume consistently throughout 2025, with May setting a record at $3.8 billion. Meanwhile, JustLend deposits have more than tripled year-to-date, peaking at $740 million. These developments point to deepening liquidity and growing demand across Tron’s DeFi ecosystem. Stablecoin inflows and increasing borrowing activity further reinforce Tron’s expanding utility, suggesting the network is becoming a robust settlement layer. While the price remains range-bound for now, the fundamentals hint at a strong foundation for future upside, once the technical breakout finally materializes. TRX Price Consolidates Near Resistance TRX is currently trading around $0.2813, maintaining its position near the upper boundary of the long-standing consolidation range that began in December 2024. The asset has shown resilience above the 50-day, 100-day, and 200-day moving averages, all of which are trending upward, supporting the bullish outlook. The 50-day SMA at $0.2508 and the 100-day SMA at $0.2289 are providing dynamic support, indicating strong buyer interest on dips. Price action throughout June remained sideways, with low volatility and volume consistent with a classic consolidation phase. Despite multiple rejections below the $0.295 resistance, TRX has not shown any signs of structural weakness, holding firmly above $0.26–$0.27 and gradually building pressure toward a breakout. Volume has remained stable, though not yet signaling the kind of breakout momentum that would confirm a move into higher price discovery. Traders are watching closely for a clean candle close above $0.295 to validate a bullish continuation. If successful, TRX could rally toward the $0.32–$0.35 zone, with minimal overhead resistance. Featured image from Dall-E, chart from TradingView

Tron (TRX) is once again in the spotlight as it tests the upper and lower boundaries of a key consolidation range that has held for months. The price has been oscillating between $0.211 and $0.295—a range that has acted as both support and resistance since the start of the year. With volatility gradually returning to the crypto market, a breakout from this zone could set the stage for a major directional move. A confirmed push above $0.295 could open the door for a rally toward uncharted territory, while a break below $0.211 might signal a deeper correction. According to new data from CryptoQuant, large transactions are currently driving volume dominance on the Tron network. While the majority of transactions on TRON are under $1,000 in size—showing that retail users are actively engaged—it is the high-value transfers that account for most of the total volume, highlighting growing institutional or whale interest in the network. As broader market conditions remain uncertain and altcoins begin to show signs of life, the coming weeks will be critical for TRX. Whether bulls or bears take control will likely depend on how the price reacts to this well-defined consolidation range. Tron Eyes Expansion Amid Growing Network Activity Tron has captured significant attention in recent weeks, driven by a combination of major announcements and strong on-chain activity. A report two weeks ago revealed that Tron is preparing to go public via a reverse merger with Nasdaq-listed SRM Entertainment. While full details have yet to be confirmed by official channels, sources familiar with the matter suggest the process is underway. If completed, this move could mark a historic moment for the blockchain space, giving Tron greater exposure to traditional investors and boosting institutional legitimacy. Despite these developments, price action remains locked in a consolidation phase. The broader market’s volatility and macro uncertainty continue to suppress directional momentum for TRX. However, network fundamentals tell a different story—Tron’s on-chain activity is booming. Top analyst Darkfost highlighted a key insight: large transactions currently drive volume dominance on the TRON network. Although more than 1 million USDT transactions on TRON are below $1,000, just 16,000 transfers above $100,000 dominate in terms of volume. This divergence shows that while retail usage is high, major players are still actively moving large amounts of capital on the network. The consistent dominance of small transfers reflects Tron’s accessibility and everyday utility among users, while the growing transaction count signals expanding adoption. Together, these factors suggest that Tron is building strong foundations, regardless of short-term price direction. The coming weeks could be pivotal, especially if the public listing advances and TRX breaks its multi-month price range. TRX Consolidates Near Resistance Amid Growing Momentum Tron is currently trading at $0.2787 after several weeks of sideways movement, as shown in the chart. The asset remains in a well-defined consolidation range between the $0.211 support zone and the $0.295 resistance. Despite several attempts, TRX has been unable to decisively break through the upper boundary, signaling market hesitation. However, the overall price structure remains constructive. The 50-day, 100-day, and 200-day simple moving averages (SMA) are all trending upward, with price currently testing the 50-day SMA as dynamic resistance. This alignment supports the argument for a longer-term bullish structure, even as short-term consolidation continues. Volume has slightly picked up in recent days, suggesting a growing interest among traders. A clear breakout above $0.295 would likely trigger a new upward phase and bring fresh highs into play. Until then, traders are watching for confirmation, as the market tests the upper boundary of the range. With strong fundamentals, increasing on-chain activity, and speculation about Tron’s public listing via reverse merger, momentum could accelerate soon. If bulls can maintain the $0.27–$0.28 level and push above $0.295, TRX could enter price discovery for the first time in months, opening the door to higher valuations. Featured image from Dall-E, chart from TradingView