TRON (TRX) Price Hits 8-Month High, But On-Chain Data Flashes a Red Flag
BeInCrypto
TRON reached an 8-month high, but declining network activity suggests the price rally lacks sustainable on-chain support.Summary
TRON (TRX) recently hit an 8-month high of $0.353, supported by continued treasury acquisitions from Tron Inc. However, analysts note a concerning divergence: while prices have risen, total network token transfers have dropped significantly from 17.3 billion to 12.2 billion over the past month. Experts warn that this lack of organic network utility suggests the current momentum may be driven by speculation, potentially leaving the price vulnerable to a correction if buying pressure wanes.
(Source：BeInCrypto)