Tron Founder Justin Sun Announces Airdrop on 200M Users Milestone

• Tron achieves the 200M accounts milestone, with founder Justin Sun announcing a grand airdrop.
• TRX maintains stability, trading above the $0.105 resistance level.

Tron Network, founder Justin Sun has unveiled plans for a grand airdrop celebration, commemorating the platform’s achievement of reaching 200 million users. The airdrop, set to be executed through Binance Square’s Red Packet feature, serves as a token of gratitude to the vibrant user community that has consistently supported Tron, further solidifying the network’s growth ecosystem.

This announcement comes on the heels of recent security breaches at major cryptocurrency exchanges such as Huobi and Poloniex, which underline the importance of strong security measures within the crypto space.

Tron (TRX) Price Track

According to data from DeFiLlama, the total value locked (TVL) across all decentralized finance (DeFi) protocols has witnessed a substantial 15% surge in the past month, surpassing $44.91 billion.

Tron-based platforms and their services emerge as notable beneficiaries of this recent growth. Despite Tron’s positive trajectory, the native cryptocurrency TRX displayed a marginal decline of over 2% in the last 24 hours. 

However, TRX has consistently maintained a position above the crucial $0.105 resistance level, with its value hovering between the moving average lines. The altcoin’s consolidation above $0.105 is evident through the presence of small candlestick bodies.

The moving average lines continue to outline an upward trend, indicative of the previous surge in TRX value. Presently TRX is trading above the $0.105 resistance level but below the $0.108 high. The daily price chart shows that a breach of the resistance levels at $0.106 and $0.109 could pave the way for a push toward $0.11.

Conversely, if the trend reversals immediate support for Tron is anticipated at $0.103, followed by $0.102.