"TRX increased 9.5% in June, outperforming SOL and ETH. But is this price increase sustainable as the wallet linked to Justin Sun, founder of Tron, moves more than $21 million of TRX into Binance? 🤔#TRX#cryptocurrency

The report shows that Sun deposited TRX into Binance on June 27. Meanwhile, Tron's total value locked (TVL) dropped to a six-month low of $7.5 billion, indicating that large investors are withdrawing capital from the ecosystem.

75% of the network's total deposits are concentrated in the JustLend decentralized application, which has reduced assets by 15% in 30 days. 94% of JustLend's deposits are BTCT, a TRC-20 token equivalent to Bitcoin.

Circle and Binance have stopped supporting USDC on the Tron network. In April 2024, the SEC repeated charges that Justin Sun and his companies sold unregistered securities through Tron tokens and BitTorrent.

With all this information, can TRX maintain the $0.12 support level? Please leave your opinion below in the comments section!#TRX#crypto"