Daily trading volumes on Binance Futures surged to a staggering $100.7 billion, the highest since February 3. This intense surge in activity follows Bitcoin (BTC) hitting new highs in July, triggering revived retail interest in altcoins. Crypto expert, Maartunn, noted that while Bitcoin’s trading volume has stayed relatively stable, altcoins are experiencing a significant increase in activity.

Binance continues to play a pivotal role in this trend. On the spot market, total altcoin volume across centralized exchanges (CEXs) reached $57.6 billion, with Binance handling $24 billion, or 41.5% of the global share. This means nearly half of all altcoin spot trades now happen on Binance, further solidifying its dominance as altseason intensifies.

Bitcoin has also witnessed its most considerable net exchange inflows since July 2024, with over 32,000 BTC entering CEXs. This indicates increased profit-taking and potential distribution by significant holders. Historically, such inflow spikes have signaled deeper BTC corrections, potentially freeing up capital to rotate into altcoins.

However, crypto analyst Timo Oinonen warned that only a few tokens might benefit from the capital influx. Oinonen highlighted Tron (TRX) as an early indicator of this “selective altseason,” noting its consistent outperformance against Bitcoin since March, even as BTC continues to lead year-to-date returns. TRX has started to decouple from Bitcoin, a sign often seen at the beginning of previous altseasons, where capital shifts to higher-beta assets from BTC in search of greater upside.

With over 43.4 million token contracts deployed across the market, the trading landscape is becoming increasingly crowded, suggesting the upcoming altseason may be more fragmented, favoring only a limited set of fundamentally substantial or hype-driven assets.

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Nonetheless, a wider perspective shows a continuous uptrend for TRX, with a nearly 12% gain in the past month. This rise suggests an increasing market interest, driven by a surge in on-chain activities.

A review of TRON’s network-level data indicates an upswing in blockchain usage. A recent analysis by Darkfost on CryptoQuant’s QuickTake platform suggests that daily transaction volume on the TRON network has surpassed the 8 million mark, a significant increase from earlier this year.

This rise in network transactions is viewed as a key indicator of underlying demand and user engagement, which could sway market sentiment around the asset.

Darkfost further stated that TRON’s monthly average for daily transactions has seen consistent growth. Recent data points to an approximate 2 million rise in average daily transactions since February. The network now processes over 8 million transactions daily, a more than 30% increase over the past four months.

Interestingly, a large portion of these transactions is taking place outside centralized exchanges, indicating a growing utilization of the blockchain for peer-to-peer transfers and decentralized application (dApp) usage.

This shift away from centralized platforms could imply a growing interest in TRON’s native ecosystem services and its competitive yield offerings. As more users engage directly with the network, transaction-based liquidity expands, potentially leading to a stronger economic activity across the TRON protocol.

Moreover, CryptoQuant analyst Cryptoonchain has noted that both the 50-day and 100-day moving averages for active addresses on the TRON network have reached new highs. This consistent rise suggests a growing user base that is regularly interacting with the blockchain.

While TRX’s price has not fully matched the rise in address activity, historical trends indicate that increased user engagement often precedes upward price movement. The correlation between active address growth and price performance continues to be a focus of interest.

With momentum building across multiple on-chain indicators, TRON could be well-positioned for further gains if current trends persist.

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Esteemed cryptocurrency analyst, Burak Kesmeci, has unveiled some fascinating market intelligence suggesting that TRX is set to stay on an upward trajectory for some time. His insights point to an excellent accumulation opportunity in the TRX Futures Market.

In a post on May 30, Kesmeci proposed that TRX’s position is ripe for further price increases, citing changes in futures retail activity. The analyst used data from CryptoQuant to illustrate that TRX had previously hit a peak of $0.45 in December 2024. This coincided with a high level of retail speculation, as shown by a cluster of red dots on the chart.

However, during a significant market downturn that dominated the initial trimester of 2025, TRX prices plummeted to $0.21. This period saw limited retail participation in the futures market. Despite the reshaped bullish crypto market, TRX prices have climbed to approximately $0.27, with retail activity remaining neutral.

According to Kesmeci, these observations suggest substantial potential for a TRX market upswing, as retail futures activity stays cool. However, any forecasted gains are dependent on a reduction in global macroeconomic and geopolitical tensions.

Currently, TRX is trading at $0.26, reflecting a 2.87% drop in the last 24 hours. Nevertheless, the token’s daily trading volume stands at $806.98 million. CoinCodex data shows that TRX investors are remaining bullish despite recent losses, with a Fear & Greed Index of 60.

Analysts at CoinCodex forecast a return to bullish form for TRX, with predicted price targets of $0.32 and $0.29 in the next five and thirty days respectively. They also project a positive long-term outlook with a price target of $0.51 in six months.

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TRX Investors Enjoying Profits

Burakkesmeci revealed that investor sentiment for TRX turned positive as the coin recorded a yearly gain of 115%. This journey began on May 5, when TRX surged to $0.25, pushing all investor groups, from long-term to short-term, into profitability.

Investors who held TRX for durations ranging from one week to one year all experienced profits. This development is critical for market sentiment and the dynamics of the network because it reflects the level of investor confidence in Tron’s future.

As of May 15, investors who held TRX for one week witnessed a 10% profit, while those who held it for a month saw a 6% profit. Three-month investors enjoyed an 11% profit, while six-month and one-year investors recorded gains of 52% and 115% respectively. Burakkesmeci emphasized that short-term investors in profit fuel a positive market sentiment.

“These investors are likely to share their success experiences, potentially attracting new investors to Tron and creating a feedback loop of increasing demand and momentum,” he noted.

On May 16, TRX was valued at $0.272 after a significant, yet volatile, price movement in the past week.

Tron Achieves Greater Security and Reliability

Besides the recent profitability milestone, the Tron network has improved its reliability and security, consistently hitting an average of 99.7% of the anticipated 28,800 daily blocks. Tron has evolved from 2020 to 2021, moving past network instability and disrupting block outputs.

A recent CryptoQuant report indicated that Tron is now experiencing a steady increase in production efficiency.

“The absence of major fluctuations in block production signifies a maturing network with robust governance and operational performance, reinforcing TRON’s credibility as a high-throughput blockchain platform,” CryptoQuant noted.

In another significant development, the Tether (USDT) supply on Tron recently exceeded that on Ethereum for the first time in crypto history.

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The firm lodged the statement on Friday, proposing the Canary Staked TRX ETF. As per the document, BitGo Trust Company would serve as the ETF’s custodian. The Trust aims to initiate a program to stake a part of the Trust’s assets via one or more staking infrastructure providers, as stated in the filing.

In addition to TRX, Canary Capital plans to roll out a series of crypto ETFs linked to various cryptocurrencies such as Pengu, Sui, Hedera, and Litecoin. Other companies are also courting the SEC’s approval for their ETFs, mainly based on XRP and Solana, optimistic about a more favorable response than in the preceding Biden administration.

Under the leadership of former Chair Gary Gensler, the SEC approved the listing of spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs later in July, following a decisive court ruling instigated by ETF issuer Grayscale. With Donald Trump assuming presidency in January, the SEC has displayed a welcoming stance towards the crypto sector, hosting public crypto roundtables and discontinuing numerous lawsuits against crypto companies.

The Tron network, a decentralized platform initiated by entrepreneur Justin Sun, has TRX as its native token, boasting a market capitalization of $22.9 billion, making it the ninth-largest cryptocurrency according to The Block’s price data.

Disclaimer: The Block is an independent media entity that offers news, research, and data. As of November 2023, Foresight Ventures is The Block’s majority investor. Foresight Ventures has investments in other crypto companies. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block maintains its independence, providing unbiased, impactful, and timely crypto industry information. Here are our current financial disclosures. © 2025 The Block. All Rights Reserved. This article is for informational purposes only. It does not constitute legal, tax, investment, financial, or other advice.

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XRP Price Prediction

XRP experienced a significant drop of nearly 10% earlier this week, but the tide seems to be turning as buyers re-enter the market. Currently, XRP is showing signs of recovery and is trading in the green as we approach the weekend.

The crucial support level at $0.54 has held firm, providing a strong foundation for potential upward movement. The next significant resistance lies at $0.63, a level that XRP may target in the coming days. For now, expect XRP to oscillate between these two key levels before a decisive breakout occurs.

At the time of writing, XRP stands at $0.57.

SHIB Price Prediction

SHIB, the popular meme coin, initially showed promise after breaking above the $0.000014 mark, sparking hopes of a continued rally. However, the broader market downturn on Monday led to a swift decline, pulling SHIB back below this crucial level.

For SHIB to resume its upward trajectory, it must reclaim $0.000014 as support. The primary target for SHIB is $0.000021, a key resistance level that could fuel a stronger rally. However, the coin must first establish a higher high to sustain its momentum.

SHIB is currently priced at $0.000014.

TRX Price Prediction

TRX reached a new yearly high on Sunday at $0.17, sparking speculation about the possibility of setting a new all-time high. However, the market correction this week has put those ambitions on hold.

As long as TRX remains above its support level at $0.15, the bullish trend is expected to continue. A breakout above the current record at $0.18 could be on the horizon if the uptrend holds strong.

At present, TRX is trading at $0.159.

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In the dynamic world of cryptocurrencies, TRX is proving to be a formidable player. Trading significantly above $0.0750 against the US Dollar, it’s clear that TRX is not just another digital asset; it’s an outperformer, especially when compared to giants like Bitcoin and Ethereum. Currently, TRX is setting the stage for a bullish break, aiming to leap over the $0.0780 resistance.

Over the past week, TRX has showcased a resilient nature, shaking off the rejections it faced near the $0.0780 mark against the US Dollar. Despite multiple failed attempts to surpass the resistance at $0.0775 and $0.0780, it didn’t break its stride. The cryptocurrency displayed remarkable strength, particularly at the $0.0750 support level, making it a haven for crypto bulls.

Investors are eyeing TRX for good reason. It’s consistently trading above the 100 simple moving average, a technical indicator often used to gauge the overall trend of an asset. This indicates a bullish sentiment in the market for TRX, strengthening its position as a reliable crypto investment.

TRX’s Future Prospects: Breaking New Ground

The momentum is building up for TRX to break the initial resistance near the $0.0775 level. Upon breaking this resistance, the first significant obstacle lies at $0.0780. If TRX manages to clear this, it could spark a new uptrend. The next significant resistance lies at $0.080, and a close above this could propel the cryptocurrency to new heights.

What’s the long-term outlook? If the bullish momentum continues, the cryptocurrency could surge past the $0.0832 resistance. Should this happen, it’s likely that the bulls will target even higher levels, possibly aiming for the pivotal $0.0880 zone. This would mark a substantial growth trajectory for TRX and its investors.

The outlook isn’t just optimistic; it’s supported by solid market indicators. TRX is not only performing well in comparison to Bitcoin and Ethereum, but it’s also displaying strong signs of a lasting uptrend.

Downside Risks: What to Watch Out For

While the bullish signs are promising, like any asset, TRX is not devoid of risks. If it fails to surpass the $0.0780 resistance, a downside correction could be imminent. The first level of significant support is near $0.0750, which investors should keep an eye on as a potential exit point.

In case TRX slips below this, it could trigger a more accelerated decline. The next level of support lies at $0.0715. Therefore, while the momentum is overwhelmingly positive, it’s crucial for investors to remain vigilant and be prepared for any market fluctuations.

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The TRON blockchain’s native digital asset, TRX, made an unexpected 11% surge as the weekend approached. Currently, with an increase of 11.20% in the last 24 hours and a weekly gain of 12%, TRX stands at $0.085. This impressive daily gain stands out among the top 20 cryptocurrencies, most of which recorded only marginal gains in the last 24 hours.

Ripple’s XRP follows TRX closely with an 11% gain within the same time frame. However, TRX maintains the lead in terms of weekly profits. After steadily climbing since March, TRX took a notable leap on Friday. This jump aligns with the announcement of TRON’s activation on the Ethereum blockchain via the BitTorrent bridge.

TRON’s Expansion into the Ethereum Ecosystem and Market Sentiment

Justin Sun, the founder of TRON, announced on Twitter that TRON (TRXUSD) has expanded its reach by going live on the Ethereum blockchain through the BitTorrent bridge. According to Sun, “TRX is now fully accessible within the Ethereum ecosystem.”

Santiment, an analytics company, points out that the crypto market seems to end the week on a bullish note. Most cryptocurrencies are trading in the green, with TRX being one of the few assets registering significant price increases this week. According to Santiment, the performance of equity markets in the upcoming week might hint at how crypto assets will behave, given the ongoing tight correlation.

TRON Breaks Records in Daily Transactions

Since hitting a low of $0.056 on March 22, TRX has been on a steady upward trajectory. The momentum amplified on June 2 when TRX shot up from $0.074 to reach $0.084. As TRX continued its ascent, hitting $0.085, it jumped up in the crypto market rankings to hold the 11th spot with a market cap of $7.73 billion.

This recent bullish trend has drawn attention to TRON, as speculation grows about its potential reentry into the top 10. On June 1, Justin Sun announced that the TRON network set a new record, processing 10,935,762 transactions in a single day. Sun expects this surge in transactions to boost protocol revenue, validating that TRON’s fundamentals remain strong, even in challenging market conditions.

The post TRON’s Native Cryptocurrency (TRX) Exhibits a Surprising 11% Leap – A Closer Look at the Possible Trigger appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

TRON’s Ascendancy Amid the Crypto Winter

TRON reached a new pinnacle with a record 10,935,762 transactions processed in a single day. This milestone, achieved amidst a tough market environment, emphasizes the resilience of the TRON network and the dedication of its development team.

The founder of TRON, Justin Sun, took to Twitter to announce the achievement. He believes the record highlights TRON’s increasing acceptance and the strong performance of its protocol even as the wider cryptocurrency market faces challenges.

TRON’s Ambitious Plan for the Coming Year

The TRON team, according to Sun, isn’t content with just resting on their laurels. They’ve set a lofty goal for the coming year: to double the transaction volume. Sun clarified that the goal isn’t solely about increasing the number of transactions. It’s also about showcasing the exceptional quality and efficiency of the TRON network.

The surge in transaction volume is expected to have a positive effect on protocol revenue, providing proof that TRON’s fundamentals remain robust even in a challenging market environment. Sun emphasized that continuous improvement and tangible results are the best strategies to overcome a crypto winter.

TRON’s Native Token, TRX, on the Rise

In related news, the TRON native token, TRX, has climbed four spots in the cryptocurrency ranking according to data from CoinMarketCap. From position 15 in April, TRX now ranks as the eleventh largest cryptocurrency on the market, even though it experienced a slight downturn of 4% over the past week, with the current trading price standing at $0.07448.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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It is known that the majority owners of Huobi Global have sold their stakes to About Capital Management, a Hong Kong-based fund management company.

It has come to light that TRON inventor Justin Sun may be the true acquirer of the crypto exchange giant. Wu Blockchain, a Chinese blockchain news portal, said on October 10 that several sources confirmed that Sun was the primary investor in this M&A fund.

According to Wu, crypto millionaire and CEO of FTX, Sam Bankman-Fried, invested to support Justin Sun. An earlier denial of interest from SBF in Huobi stands.

Participant Added to Huobi Advisory Board

Sun also confirmed his membership on Huobi Global’s Global Advisory Board through Twitter on October 10. The board’s responsibility now includes steering the company’s growth and worldwide expansion strategy.

According to Wu, the takeover cost roughly a billion dollars, and Sun was present at the delivery location on October 8. Jinglin Assets, the largest private equity company in China, informed the media source that “About Capital was more of a bridge for Justin Sun’s purchase.”

It’s possible, Wu said, that this may force Binance, which has backed Justin Sun in the past, into a competitive position.

Sun was seen last month at Huobi’s booth and the company’s after-party at Singapore’s TOKEN2049 conference. In order to buy Huobi, Justin Sun and the FTX CFO regularly spoke together in Singapore, Wu said.

There has been no official confirmation or denial of what are basically rumors about his participation by either FTX or SBF.

Price Movements in TRX and HT

The price of TRX, TRON’s native currency, has hardly budged in the previous 24 hours, staying steady at $0.062. Since its all-time high of $0.231 in January 2018, TRX has been trading sideways with the rest of the cryptocurrency market.

According to CoinGecko, the price of Huobi’s native token, HT, has risen rapidly during the previous three hours, increasing by 5% to $4.30 as of this writing. Additionally, HT has been flat for the last three months and is now 89% lower than its all-time peak in May of 2021.

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