Key Insights:
- Tron Inc. boosts TRX holdings, but price drops and wipes out last week’s gains.
- Bearish breakdown below key averages signals further downside toward $0.27.
- Solana overtakes TRON in fees, highlighting shifting demand across chains.
While the crypto winter continues to chill the market, Tron Inc (NASDAQ: TRON) has acquired more TRX, adding to its growing treasury.
However, despite the substantial purchase, the TRX price barely moved. Tron crypto price had tanked by 2.7% in the last 24 hours, at its $0.2804 press time price tag.
Tron Inc. boosted its TRX holdings to 683.3 million after purchasing 175,376 tokens at an average of $0.29.
According to Tron crypto, the company aims to keep increasing its TRX holdings for the purposes of “enhancing long-term shareholder value”. This investment strategy is somewhat similar to Michael Saylor’s Strategy book.
Saylor has been accumulating Bitcoin since December 2024, and MSTR shareholders have enjoyed massive returns and dividends due to Bitcoin’s lucrative performance.
Despite the positive news, Tron Inc. stock (TRON) dropped 2.4% premarket to trade at $1.22 pre-market.
On the crypto side, TRON crypto holders are not popping champagne either, as the network has kicked off the week on a bearish leg. TRX price retreated by about 3% on Monday.
TRON Crypto Price Hits A Bearish Skid
Diving into the TRXUSDT 6-hour chart, the TRX price was stuck in a tight rising channel for the past 17 days and rose steadily by 8%. Rising channels typically end in a pullback if short term demand is unsustainable especially when the overall market conditions remain bearish.
The Tron crypto (TRX) price broke out below the channel on Tuesday, confirming the bearish bias. The price currently trends below the 50-day and 200-day simple moving averages (SMA), further cementing the bearish thesis.
The relative strength index fell off a cliff, breaking below its moving average. At 38.67, the RSI is heavily bearish, signaling that TRX selling pressure is high.
Technical targets for TRON crypto in the coming hours set it at around the $0.27 area, a 3.44% extended drop from here.
With just a bit over 1 hour left before the 6-hour candle closes, the ensuing bearish pressure may send TRX even lower than $0.27.
Solana Edges Out TRON Crypto in Fees
Meanwhile, the TRON crypto network has slipped to runner-up behind Solana in daily fees, according to YapHub data.
Solana’s purple bar edges out Tron’s red at around $637K each in 24-hour fees, totaling $1.98M across top chains. This signals real demand shifting, with Solana’s usage pumping while Tron’s holds steady but trails.
The outcome reflects the declining activity around crypto trading. Tron crypto is positioned to leverage stablecoin flows which are the key drivers of liquidity in the market.
Meanwhile, Solana has been leveraging its positioning in DeFi and key narratives such as RWAs to facilitate activity.
Tron’s total transactions in February plunged more sharply than in any month in the last 12 months. Tronscan charts peg daily transactions at about 3.2 million lately, down from December’s ATH of 323 million monthly.
Despite the price and on-chain metric dips, TRON Crypto has shown resilience with stablecoin dominance, hosting $83 billion in USDT and processing billions daily.
Network upgrades like AI integrations have kept it relevant, but for TRX price to rise, it needs to reclaim that fee throne and increase those transactions.