Tron ($TRX ) is in the spotlight, not only due to its price movement but also due to a 973% increase in whale transactions, even as the broader cryptocurrency market experienced $343 million in sell-offs.
According to on-chain data, the volume of transactions for $TRX increased
large transactions (typically defined as transfers over $100,000) by about ten times within just 24 hours. According to IntoTheBlock data, the volume of large transactions on Tron, indicating whale activity, surged by 973.2% in the past 24 hours to reach $598.96 million.
This increase in whale activity coincided with a market-wide decline, totaling over $343 million in liquidations as traders took profits. After Monday's rise, the market trend reversed in early Tuesday's session, with most cryptocurrencies trading lower due to profit-taking and macroeconomic uncertainties.
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Nonetheless, $TRX remained relatively stable, rising by 1.97% in the past 24 hours to reach $0.2775.
On-chain data suggests that the Tron network is home to massive whale activity, with CryptoQuant reporting that 59% of the #USDT volume in May on Tron came from transactions worth over a million dollars.
In 2025 alone, there were 17 mints of $1 billion of USDT on #TRON (TRC-20), with the network experimenting to increase on-chain activity.
Recent developments for Tron
Yesterday, reports emerged about Tron entering the exchange through a reverse merger with SRM Entertainment, providing investors with indirect exposure to the blockchain supporting over half of USDT and 30% of stablecoin activity worldwide.
The new company will buy and hold Tron’s #TRX , similar to Michael Saylor's Bitcoin holding company, Strategy (MSTR). Tron will invest $210 million worth of tokens in the new company.
Tron surged sharply in Monday's trading session, rising from $0.27 to $0.295. TRX continued to climb, reaching $0.2777 in today's trading session and above its low of $0.267 on June 13.
Tron has been consolidating in a range since December 2024, with a breakout target of $0.45 if successful.
