TRON (TRX) Price: Spot Traders Drive Rally as Network Activity Surges 64%

TLDR

TRON (TRX) gained 2.53% as trading volume rose 14% to $507 million, driven by spot trader accumulation rather than whale activity Daily active addresses surged 64% from 2.8 million to 4.6 million users, with transaction volume reaching 11 million A governance proposal to cut TRX block rewards by 50% from 16 to 8 TRX is scheduled for vote on June 10 DEX trading volume dropped 62% over five days from $213.45 million to $80.8 million, showing mixed DeFi sentiment TRX broke above mid-Bollinger Band resistance and achieved its highest monthly close since 2021 in May

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TRON has posted a 2.53% gain over the past 24 hours as trading volume climbed 14% to $507 million. The rally comes as the network sees increased user activity and prepares for a potential tokenomics change.

Tron (TRX) Price

Daily active addresses on TRON jumped from 2.8 million to 4.6 million users. This represents a 64% increase in network participation.

Transaction volume reached 11 million during this period. The surge in both users and transactions suggests growing network utility.

Recent data shows TRON averaging over 8 million daily transactions. This marks an increase from around 6 million transactions recorded in February.

📈 $TRON Shows Steady Growth in Daily Transactions Through 2025

Analysts attribute TRON's momentum to DeFi adoption, stablecoin transfers, and every-day on-chain utility. 🔥

Chart: CryptoQuant pic.twitter.com/sCELxEeScG

— CryptosRus (@CryptosR_Us) June 3, 2025

The price movement appears driven by spot traders rather than derivatives activity. Exchange data reveals $1.27 million worth of TRX purchases in the last 24 hours.

Spot accumulation has been the primary driver of the current rally. This contrasts with previous moves that relied more heavily on whale activity.

Governance Vote Could Reduce Token Supply

A governance proposal scheduled for vote on June 10 could change TRON’s tokenomics. The plan would cut block rewards in half from 16 TRX to 8 TRX.

Voter incentives would also decrease from 160 TRX to 128 TRX under the proposal. These changes aim to reduce inflationary pressure on the token.

The reward reduction could tighten TRX supply over time. Lower inflation typically supports price appreciation in cryptocurrency markets.

TRON achieved its highest monthly close since 2021 in May. The token has broken through multi-year resistance levels that capped previous rallies.

Technical Indicators Show Mixed Signals

TRX has pushed above its mid-Bollinger Band on weekly charts. Multiple bullish candles have formed over recent weeks.

The MACD histogram is turning green, indicating potential upward momentum. Price action shows TRX approaching the $0.2968 resistance level.

An ascending channel pattern has formed with higher lows. This structure often precedes continued upward movement.

However, DeFi metrics paint a different picture. DEX volume fell from $213.45 million on June 5 to $80.8 million currently.

Total value locked remains stable at $4.89 billion. This shows little recovery in decentralized protocol liquidity.

Source: DefiLlama

The 62% drop in DEX volume over five days suggests reduced decentralized trading interest. Many DeFi traders may have sold their positions.

RSI indicators are approaching overbought territory. A temporary pullback from current levels would not be unexpected.

$TRX is probably growing gradually to the level of $0.2968, from which it may bounce down.

👀 TRON looks like a chart that will not show huge growth, like some altcoins with a smaller capitalization, but nevertheless its smooth growth recently deserves attention. pic.twitter.com/2Zu9nWm9y9

— Grumlin Mystery (@grum1in) June 8, 2025

Price currently trades in a range between $0.26-$0.28 support and $0.2970 resistance. A break above resistance could target the $0.34-$0.36 range.

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