TRON Activity Hits All-Time High, Is a TRX Price Breakout Coming?

[Redator]

TRON (TRX) is seeing a continued lift in price alongside broader gains across the crypto market. As of today, TRX is trading just above $0.27, marking a 1.2% increase over the past 24 hours.

The move reflects a coordinated uptick in digital asset valuations, with the global cryptocurrency market capitalization climbing nearly 1% to a current total of approximately $3.47 trillion. This price action comes as on-chain data suggests increased user engagement on the TRON network.

According to recent analysis shared on CryptoQuant’s QuickTake platform, a steady rise in daily active addresses is being observed, with both the 50-day and 100-day moving averages for this metric reaching all-time highs. The sustained increase in network activity points to a potentially supportive backdrop for TRX’s current momentum.

TRX Hits $121.2B Monthly Transfer Volume — New All-Time High

“TRX reached a new ATH in total transfer volume, both in terms of TRX and USD value. Over the course of the month, a total of 490.3 billion TRX was transferred.” – By @JA_Maartun

Full post https://t.co/zJUt0EruNI pic.twitter.com/6yrDUUjTJb

— CryptoQuant.com (@cryptoquant_com) June 2, 2025

User Engagement and Moving Averages Signal Strong Network Activity

CryptoQuant contributor “CryptoOnchain” reported that the moving averages of daily active addresses on TRON have reached unprecedented levels.

The 50-day and 100-day metrics, which smooth out short-term fluctuations to show longer-term engagement trends, are currently at their highest points since tracking began.

Historically, sustained increases in this metric have preceded upward price movement in TRX, though the price growth has yet to fully reflect the spike in activity.

The analyst also emphasized that while TRX has been rising, the network’s user participation appears to be outpacing the token’s market performance. This divergence suggests that underlying demand is building, potentially laying the groundwork for future gains if the trend continues.

Meanwhile, traders often view network activity as a leading indicator of value in proof-of-stake chains like TRON, where user interaction can drive both sentiment and transaction volume.

SunPump Token Activity Emerges as TRON Price Indicator

In a separate CryptoQuant post, analyst “BorisVest” highlighted the role of SunPump tokens in shaping TRON’s price dynamics. SunPump is a tool used for creating tokens on the TRON network, and its activity appears to correlate with TRX market trends.

According to the analysis, periods of intense token creation, often driven by hype, bots, or speculative launches, can signal short-term tops in TRX price, especially if the token’s value doesn’t keep pace with the burst in network activity.

Conversely, when activity on SunPump slows down, TRX has historically drifted lower toward local bottoms, often indicating reduced selling pressure. More stable growth in token creation, when aligned with a gradual rise in TRX price, has been associated with healthier and more sustained rallies.

BorisVest suggests that tracking these token dynamics can provide insights into TRON’s market rhythm, offering a potential framework for identifying accumulation zones or overheated conditions.

Featured image created with DALL-E, Chart from TradingView