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TRX Price Consolidates While On-Chain Activity Hits New Highs
Tron [TRX] is quickly cementing its position as the preferred blockchain for retail crypto users, especially for stablecoin transactions. On August 30th, the network saw a significant spike in USDT transfer activity — largely driven by mid-sized wallets — highlighting Tron’s appeal for low-cost, fast transactions.
Mid-Sized Wallets Power Stablecoin Flows
Wallets holding under $1 million (dubbed “Goblins”) and those under $10 million (“Sharks”) were responsible for 35% and 20% of USDT movement within their respective categories. These users often shift funds off exchanges via Tron, especially during uncertain market conditions.
This activity aligns with similar transfer patterns observed on August 26th, suggesting a growing trend among cautious, retail-aligned wallets to utilize Tron’s network infrastructure.
“Tron has become the go-to network for stablecoin transfers,” analysts noted, citing consistent performance and low fees.
Tron Tops in Active Addresses
Tron also leads the industry in active address count. At the time of writing, it registered 2.48 million active addresses, surpassing competitors like BSC, Solana, and Ethereum. This surge underscores Tron’s growing utility and user engagement, particularly in emerging markets where transaction fees are critical.
For many users, this momentum signals a maturing ecosystem backed by consistent demand.
TRX Price Consolidates Despite On-Chain Growth
As of now, TRX trades around $0.339, reflecting a consolidation phase following its rally in mid-August. Technical indicators such as the Relative Strength Index (RSI) and On-Balance Volume (OBV) suggest neutral sentiment, with no strong inflows or outflows.
Recent price action shows lower highs, indicating subdued buying pressure. Whether this increased on-chain activity will translate into price momentum remains uncertain.
