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Tron (TRX) has recently been at the center of attention in the crypto world, especially following some bullish updates from its founder, Justin Sun. However, despite these positive developments, there are signs that TRX might face another price drop as investors start adding a new gambling token, Mpeppe (MPEPE), to their portfolios.
TRON network, a leading decentralized blockchain platform, has defied all the odds with superb on-chain performance. Moreover, the blockchain platform has outperformed leading networks like Ethereum (ETH), Bitcoin (BTC), Solana (SOL) and others.
Justin Sun, the founder of Tron and a notable figure in the cryptocurrency space, has announced a significant change in the SunPump meme token community's strategy. The community has decided to pivot from the initial plan of burning liquidity pool (LP) tokens to implementing a fully on-chain buyback and burn process.
The price of TRON (TRX) is declining as buyers have failed to sustain their upside momentum above the $0.17 resistance level.
Solana price suffered the past few weeks as volume shifted to Tron following the SunPump platform's launch, a so-called ‘vampire attack' by SOL maxis. Tron founder Justin Sun announced his intentions to further increase usage of the network by harnessing the power of the meme coin industry.
TRON network's revenue saw an impressive rise in August while Ethereum recorded a notable decrease. According to data shared by Lookonchain, TRON's (TRX) monthly revenue increased by 46.5% — rising from $41.9 million in July to $61.
Several Tron meme coins, including Sundog (SUNDOG), has surged by nearly 10%, outpacing the broader market. This increase comes after positive remarks from Justin Sun, which have likely fueled investor confidence.
Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today.
The layer-1 blockchain project Tron has recently captured investors' attention following a substantial rally in its native cryptocurrency, TRX. Amid the August uncertainty, the TRX price surged from $0.117 to $0.17 high last week, registering a 45.3%.
Tron (TRX) investors are beginning to lose faith in the possibility of reaching a new all-time high (ATH). The once-promising digital asset has seen its share of struggles, leading many TRX holders to seek out new opportunities to recoup their losses and potentially achieve significant returns.
Even the most established players are always on the lookout for the next big opportunity. Recently, Tron (TRX) whales—large investors with significant holdings in the Tron (TRX) ecosystem—have begun to shift their focus towards a new and promising cryptocurrency: Mpeppe (MPEPE).
Tron price has retreated over the past eight days as recent momentum in the ecosystem began to fade. Tron (TRX) was trading at $0.1565 on Monday, Sep. 2, down by over 7% from its highest point this year.
As Tron (TRX) continues to navigate through a turbulent market, the entry of whale investors into the new cryptocurrency Mpeppe (MPEPE) signals a potential shift in investment strategies.
As the cryptocurrency market evolves, Tron (TRX) holders are keeping a close eye on their investments, especially in the face of ongoing price declines. TRX, which has long been a favorite in the crypto space, is now facing significant resistance as investors await crucial blockchain upgrades that could determine its future trajectory.
Tron (TRX) has been a focal point in the crypto community, especially as investors begin to shift their attention to new and emerging cryptocurrencies that show significant potential. With a massive $13 million exit from Tron (TRX), it seems that some of its major investors are now eyeing what could be the next big thing in the crypto world—enter Mpeppe (MPEPE), a new contender making waves alongside other rising stars like DTX Exchange (DTX).
TRON price analysis shows a slight downtick of 0.76% to $0.156 on Sunday trading session. The intraday selling pressure could be attributed to the Bitcoin price dip below $60000, signaling the continuation of prevailing consolidation.
HNT, TRX, and AAVE bucked the trend in August with strong performances amid Bitcoin's decline.
The year's final quarter is the most anticipated for good reasons. For one, an interest rate cut is expected. The upcoming US election in November might also be a bullish catalyst, making Cardano's (ADA) Q4 outlook promising.
A controversial trader known as Crash on X has shared his thoughts on the growing hype around Tron meme coins launched via Justin Sun's SunPump.
Discover the top five key coins that cryptocurrency experts predict will rally this autumn. Get expert advice and insights on their potential for growth, and learn how you can benefit from these imminent rallies.
Exploring why TRX has significantly outperformed other top cryptocurrencies in recent months
Tron (CRYPTO: TRON) founder Justin Sun recently took to social media to confront critics of his newly launched Sun (CRYPTO: SUN) token, echoing a move reminiscent of former FTX founder Sam Bankman-Fried. What HappenedL In a post on X on Aug. 30, Sun expressed his frustration with those doubting the value of his SUN meme coin, daring them to sell their holdings.
One trader on the TRON network, TAMrp, turned an investment of $1,200 in TRON BULL memecoin into $10 million. According to Arkham Intelligence data, the trader acquired $780 TRON BULL on Sunpump and bought an additional $390 worth of the tokens when it was listed on Sunswap.
In the last days, Tron (TRX) and Binance Coin (BNB) holders have turned their attention to a new gambling token, Mpeppe (MPEPE), which is predicted to deliver a staggering 300x return. This newfound interest has sparked a frenzy in the crypto community as investors seek to capitalize on this potential goldmine.
