TRON (TRX) has strengthened its position as a leading blockchain for stablecoin transactions with $11.4 billion in USDT transfers, reflecting its efficiency and low transaction fees.
Rise in USDT Transfers on TRON
$11.4 billion worth of USDT has been transferred, with $1.83 billion sent to centralized exchanges. TRON maintains its position as a leading network for stablecoin transactions with 1.89 million total transactions.
TRX Price Action and Market Indicators
TRON (TRX) was priced at $0.2336, down 4.11% over the last 24 hours. The market cap stands at $20.12 billion. Technical indicators may signal possible price movement in the next sessions. If TRX breaks above the resistance at $0.2369, it may target $0.25.
Strong Holder Positioning
According to IntoTheBlock data, 91% of TRX holders are in profit. 79% of TRX's total supply is owned by large holders, which can stabilize the market but also pose risks if major holders sell. Additionally, whale and institutional activity is high, with $2.13 billion in transactions over $100K in the past week.
TRON continues to be a key platform for stablecoin transactions due to its efficiency. The positioning of TRX holders and interest in the blockchain could shape future market strategies.
