TRON Accumulation Phase Identified—Significant Price Rise Expected

In spite of the ongoing consolidation in the cryptocurrency sector, Tron (TRX) has shown a consistent upward trend. Over the last fortnight, the token has increased by 2.6% and is presently valued at $0.2495, marking a 0.7% rise in the past day.

This notable resilience occurs while a number of prominent altcoins face subdued price movements. Tron’s stability amidst this broader market turbulence has piqued the interest of analysts who are examining on-chain metrics for clues about possible future developments.

Tron On-Chain Trends Indicate Network Consolidation

A recent analysis by a contributor focused on the Tron network suggests that it is in an accumulation stage. This report identifies several on-chain metrics that back this observation.

Specifically, there has been a reduction in new wallet creations and transaction fees, indicating a slowdown in overall network activity. However, this is not viewed as a decline in strength; rather, it suggests a temporary pause in user engagement as the network solidifies its position.

The analyst points out that there was an increase in complex transactions and gas utilization during recent peaks. Yet, both average and peak gas consumption have decreased, indicating a drop in the intensity of network usage.

Moreover, despite sporadic price increases, the rate of new wallet addresses has remained stable or is even declining. This suggests a lack of significant retail interest or organic growth at this stage in the market cycle.

Historically, such stagnation in user growth and fee activity has often signaled the potential for upcoming market movements. The drop in wallet activations and gas usage could reflect a wider accumulation trend within the Tron ecosystem.

With fewer users engaging in on-chain transactions and no substantial onboarding of new users, it’s common for existing holders to quietly increase their stakes. If past trends are reliable indicators, this phase of decreased activity may lead to renewed momentum as investor confidence rebounds.

USDT Activity Offers a Contrasting Perspective

Contrarily, the activity surrounding stablecoins on the Tron network appears to be thriving, despite the chill in wallet growth and gas fees. An analyst has pointed out that the circulating supply of Tether (USDT) on Tron has peaked at an all-time high, exceeding $71 billion.

This positions Tron right behind Ethereum, which currently has approximately $75 billion in USDT. The rising stablecoin circulation reflects a robust demand for value transfer and settlement functionalities on the platform.

The analyst also noted that Tron’s low transaction fees enhance its appeal to stablecoin users. As more liquidity enters the Tron ecosystem through USDT, the network’s significance in the decentralized finance (DeFi) space continues to grow.