- TRX broke above $0.31 and is riding a 50% YTD rally, supported by bullish technicals and a textbook cup-and-handle chart pattern.
- Staking flows are surging, with over $13B in locked TRX and $200M in new investment from Tron Inc., a rebranded toy company.
- Tron’s dominance in the stablecoin market and $3.3B in yearly profits put it ahead of Ethereum and Solana in revenue, with token burns tightening supply.
Tron (TRX) has been on an absolute tear lately, quietly pushing past levels we haven’t seen since last December. This week, the token spiked to $0.3165—marking a 50% climb off its lows from earlier this year. And judging by how things are shaping up, there might be even more upside ahead.
From a surge in staking inflows to a toy company flipping into a Tron-centric crypto firm, there’s no shortage of tailwinds pushing TRX higher. Plus, the technicals? They’re flashing all green.
Momentum Builds: The Charts Are Lining Up
Let’s talk charts first. On the daily timeframe, TRX has been slowly grinding higher ever since it hit bottom near $0.20 back in March. It’s not a moonshot, but a steady climb—probably the healthiest kind.
The 50-day and 100-day EMAs are acting as strong support levels. MACD? Still hovering above the zero line. RSI? It just slipped into the overbought zone past 70—not a bad thing, necessarily, but worth keeping an eye on.
More interestingly, TRX has built out a classic cup-and-handle pattern, with a base stretching from $0.20 up to $0.2936. That depth projects a potential price target near $0.3773 if the breakout sticks. Break above that, and it could be on the way to test the $0.4483 peak from last November.
Now, if it slips below $0.2936 again, that setup gets shaky. So bulls better defend that zone.
Staking Demand? Yeah, It’s Heating Up
Here’s something worth watching—staking flows into Tron are booming. According to StakingRewards, the project now boasts a staking market cap of more than $13.27 billion, which is up almost 20% in just the last month. That’s not just noise—that’s capital making a bet.
Over 1 billion TRX tokens have been added to staking pools lately. That’s $334 million worth of tokens getting locked up instead of sold. Investors, both retail and institutional, seem to like the yield and the project’s direction.
Part of this renewed attention comes from SRM Entertainment, oddly enough—a toy company that just rebranded into Tron Inc. Yeah, seriously. They’re diving into the crypto space and have already scooped up 365 million TRX tokens. Apparently, they’ve raised over $200 million to keep buying. Wild.
Don’t Forget the Stablecoin Machine
What really separates Tron from a lot of altcoins is how dominant it’s become in stablecoins. Over the last 30 days, stablecoin supply on Tron jumped 3.5%, now hitting around $81.9 billion. That puts it just behind Ethereum.
It’s not just the supply either. In that same span, stablecoin transactions rose 2.7%, while total adjusted transaction volume hit a massive $625 billion. And user count? Over 10 million addresses now.
Here’s the kicker—Tron is making money. A lot of it. Data from TokenTerminal shows the blockchain raked in more than $3.3 billion in the past year. That’s way more than Ethereum’s $776 million or Solana’s $411 million. Most of this cash gets used to burn TRX tokens, making it deflationary. There are 94.5 million TRX in circulation now, down from 97 million last year.
So… What’s Next?
All signs are pointing up. TRX is holding strong above key moving averages, the charts are forming bullish setups, and staking plus new investor activity are giving the token real momentum. With all that cash flow and token burns in place, Tron is setting up for a powerful finish to the year.
