Tron’s Having a Panic Attack 🚨

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So, you know how sometimes you’re just going about your day, and then suddenly you’re like, “Wait, where’s all my money going?!” 🤑 That’s basically what’s happening with Tron right now. Despite a 5% gain over the past week and a teeny 0.50% uptick in the last 24 hours, there’s some major drama going down behind the scenes.

On-Chain Activity is Lit 🔥

According to Artemis, daily transaction counts shot up to over 9 million, which is like, a lot. And active addresses? Forget about it. They’re at 2.7 million, which is the highest level since June 6. But here’s the thing: most of this traffic is just people moving their stablecoins around, not actually investing in Tron.

It’s like they’re using Tron as a highway, but then they’re like, “Peace out, I’m going to go find some better yields elsewhere.” 🚗 And that’s not great for Tron’s price action.

People aren’t exactly clamoring to hold onto TRX for its own sake. They’re just using it as a means to an end, and that end is usually a more lucrative investment opportunity. 💸

Stablecoin Outflows are a Real Thing 📉

So, remember how Tron’s stablecoin supply hit $80 billion in June? Yeah, well, about $185 million of that has since flown the coop. 🐓 And that’s not exactly a vote of confidence in Tron’s abilities.

It’s like people are suddenly realizing, “Hey, wait a minute, I can get better rates and lower fees elsewhere.” 🤔 And that’s not great for Tron’s workhorse token, TRX.

The pullback is real, folks. And it’s not just Tron. Crypto markets are all about chasing the best rates and lowest fees these days. 📈

Revenue and TVL are Taking a Hit 📊

Artemis figures show that TRX’s total revenue plunged to just $114,000 in a single day. That’s a four-year low, folks. 📉 And network fees? Forget about it. They’re basically nonexistent.

And if that’s not enough, total value locked on Tron protocols fell by 0.50% in 24 hours. That’s about $26 million walking out the door. 👋

So, while TRX hasn’t broken key support levels yet, it’s definitely not looking great. If TVL keeps sliding and stablecoins continue to exit, we could see some major pressure on the token’s price. 💥

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2025-07-04 07:25