#Tron (TRX) has experienced an exponential rally, hitting an all-time high of $0.45026. Despite a recent pullback, TRX remains up 70.22% over the past day.
WHALE ACCUMULATION
A new whale has entered the TRX market, accumulating 4.85 million tokens worth $1.85 million. This whale's activity, combined with a surge in large transactions, suggests that whales are driving the price up.
TRON PRICE PREDICTION
Typically, whale accumulation leads to positive price movements. With the entire market being overly bullish, TRX's price may continue to rise. Large holders' inflow has surged 428.9% in the past 24 hours, indicating that whales are actively pumping funds into TRX.
KEY METRICS
- TRX's market cap: $33.28 billion
- Trading volume: $14.58 billion
- Large transactions: 2.42k (yearly high)
- Outflow volume: $194.96 million (up 74.12% in 24 hours)
OUTLOOK
With whales actively accumulating TRX and the market being overly bullish, the altcoin's price may continue to rise. A push to $0.50 is possible, but market volatility should be taken into account.
