TRON Leads $11.4B USDT Surge: Big Crypto Liquidity Shift Underway?

TRON (TRX) has recorded a major increase in USDT (TRC-20) transfers. This reinforced its position as the leading blockchain for stablecoin transactions.

Data shows that $11.4 Billion worth of USDT has been transferred, with $1.83 Billion sent to major centralized exchanges (CEXs).

With 1.89 million total transactions, TRON retains its dominion as a popular network for stablecoin transactions. It is due to its efficiency and low transaction fees.

The share of inflows through exchange (6.17%) shows that USDT transactions on TRON are important for market liquidity.

TRX Price Action and Market Indicators

TRON (TRX) price was at $0.2336 at press time, down by 4.11% over the last 24 hours. It is up by 1.46% over the last week. At press time, market capitalization stood at $20.12 Billion with a 24-hour trading volume of $1.37 Billion.

Technical indicators may signal the possible price movement in the next sessions. Bollinger Bands (BB) is tightening, indicating that a change in volatility is coming; resistance is at $0.2369 while support is at $0.2259.

Meanwhile, TRX may cross the upper band and target $0.25 only if it breaks out above, but failure to traverse support may mean more consolidation.

Stochastic RSI at 58.30 is moderately bullish, while the Aroon indicator is strongly bullish at 71.43%, past strong downtrend at 21.43%.

On-Chain Data Shows Strong Holder Positioning

According to IntoTheBlock data, 91% of TRX holders are holding at a profit and only 5% at loss. That means most investors had bought at lower prices, meaning they would be less inclined to sell.

Moreover, nearly 79% of TRX’s total supply is owned by large holders, which can act as a stabilizer, but can also be a destabilizing force if major holders cash out.

Furthermore, TRON’s price action has a low correlation versus Bitcoin at 0.22, indicating it follows different trends from Bitcoin’s wider market.

Whale and institutional activity is high since the transaction volume for trades over $100K for the past seven days is $2.13 Billion.

Exchange netflows meanwhile show $68.72 Million in net flows out of exchanges, a bullish indicator that usually sees investors moving cryptocurrency like TRX from exchanges off to private wallets.

TRON’s Potential Role in Trump’s Crypto Strategy

Market interest was sparked with recent speculation of TRON’s role in former US President Donald Trump’s digital asset strategy.

Justin San, founder of TRON, hinted at TRX’s potential role but no confirmation has been made officially.

Recently, Trump announced a list of cryptocurrencies for his planned strategic reserve, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano.

Market response to these developments is closely monitored, and TRON’s low liquidity strength is going to be a factor in the use of stablecoins.