Whales Accumulate 15.1 Million TRX Amid Price Dip
Recent whale activity around TRX indicates significant accumulation. Two notable transactions were reported by Lookonchain:
- A whale (address: TNQsyU) purchased 13.73 million TRX for 5.02 million USDT on August 24.
- Another trader (TWfFe1) spent $500,000 to acquire 1.414 million TRX, previously earning $277,000 from trading TRX.
The total acquired by these whales is approximately 15.1 million TRX. Currently, TRX's market value is $0.3514, reflecting a 3.71% decline.
Key metrics include:
- Market capitalization: $33.26 billion (down 3.61% in 24 hours)
- 24-hour trading volume: $1.65 billion (up 116.54%)
Despite recent dips, some investors speculate that this could indicate an impending bullish trend for TRX, with resistance around $0.37 noted. The coin has struggled to gain traction even after a strategic partnership with MetaMask.