Attention, community! Did you know that TRX just hit $0.42? But, watch out! There is a mysterious force that could make the price turn around faster than a spinning top. 🤯
Heads up, things are heating up! 🔥 The price of Tron ($TRX) has skyrocketed since the beginning of the year, giving its owners insane profits! But, as the saying goes, "a gain is not a gain until you put it in your pocket." And that's exactly what the older investors, those who have been around since 2020-2021, are doing now—they're selling and cashing in their profits at a frightening speed. 🤑 What’s the result? In the last 24 hours, TRX profits have only been surpassed by Bitcoin and Ethereum. Almost a billion dollars have moved in just five days! 😱
So, what made TRX rise so much? Well, it was two very clever things:
Token burning: Tron has been burning a brutal amount of coins, almost 40 billion TRX! This makes every remaining coin more valuable. Ingenious!
Transaction fees:The Tron platform is the favorite for issuing stablecoins like USDT. That means it receives a flood of dollars in fees, almost $7.57 billion a year! That's like having a golden goose. 💸
But here comes the part that makes us think: with so many investors selling, the strength of the price is weakening. The MACD, which is like the market's thermometer, is already showing that the bears are gaining ground. This could mean that the price of TRX might drop a bit in the short term. Don’t panic, this is something common in the markets. It could be a "correction" before it continues to rise. 👀
At the end of the day, this leaves us with an important question: how does this massive sell-off affect confidence in TRX? And will it continue to rise after this correction, or will investors get scared and run away? Stay tuned, because this movement is crucial for the future of the coin.$TRX