Tron Token Records 2.6% Increase Amid Accumulation Phase
Tron (TRX) has shown resilience with a 2.6% increase over the past two weeks, currently trading at $0.2495, and a 0.7% rise in the last 24 hours.
Key Points
- Tron's stability contrasts with stagnant price movements among major altcoins.
- Analysis from CryptoQuant indicates the Tron network is in an accumulation phase.
- Declines in new wallets and transaction fees suggest reduced activity but not weakness.
- Historical patterns show stagnation may precede stronger market moves.
- The number of new wallet addresses remains flat, indicating limited growth.
- USDT circulating on Tron has reached a new all-time high of over $71 billion.
- Low transaction costs position Tron favorably for stablecoin users.
- Increased USDT supply suggests growing demand for value transfer on the network.
