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TRON (TRX) saw a 352% spike in whale activity over the past 24 hours, according to on-chain data. For all data from IntoTheBlocklarge whale trader transaction volumes – a key indicator of whale activity – rose 352.53% in the past 24 hours to a staggering $942.92 million. This increase raises questions about what may be driving the recent flurry of activity and whether a big step is on the way.
The Large Stakeholder Transaction Volume metric tracks transactions involving large amounts of TRX, which are often executed by whales or institutional actors. The 352% increase indicates an increased level of activity among large coin holders, suggesting that these entities are either accumulating or reallocating their TRX holdings, though their exact motives remain unknown.
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TRX price has not yet reflected the increase in whale activity; At the time of writing, Tron’s price was down 0.93% to $0.2474. TRON’s price fell after its massive rally on December 3 to $0.449. The decline pushed TRX below the daily 50 simple moving average at $0.2613, which is below where it is currently trading. A decisive break above the daily 50 simple moving average could start a new uptrend for Tron (TRX).
TRX is expanding its ecosystem
Tron is actively expanding its ecosystem, which may interest investors. Tron is solidifying its position as a stablecoin powerhouse while developing strategic collaborations to foster ecosystem growth.
according to My pathAccording to the latest Q4 report, TRON maintained its performance across most key metrics, with the traded market capitalization of TRX increasing by approximately 62.46% on a quarterly basis to over $21.94 billion, representing eight consecutive quarters of growth.
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This achievement was made possible thanks to TRON’s deflationary token strategy, which saw circulating supply reduced by approximately 0.42 billion TRX (-2.59% YoY) and strong network activity, including a ~7.19% QoQ increase in daily transactions and a ~4.61% increase Almost in daily transactions. Active headlines daily. Network ownership increased marginally to 50%, with 2.0 share adoption increasing 9.67% QoQ.
TRON stablecoin activity has remained a cornerstone, with USDT representing 98.3% of the stablecoin supply. The average daily USDT transfer volume increased by 28.18% QoQ to $18.43 billion.
