Tron Crypto Treasury Holdings Push Past 687M, TRX Price Retests Key Resistance

Key Insights:

• Tron crypto treasury clocks new milestone courtesy of new round of acquisitions.
• TRX price blasts past a long-term descending resistance.
• Stablecoin growth on Tron holds steady above $86 billion, but active addresses have cooled substantially since November.

It has been almost 9 months since the Tron crypto treasury was formed. The Tron network has maintained a steady acquisition pace for the buy-back strategy, and it just announced the latest acquisition round.

Tron Inc. revealed in its latest announcement that it acquired 167,999 TRX crypto coins. The company reportedly spent almost $50,000 for this latest fresh batch, which it acquired at $0.2976.

Tron crypto treasury purchase | Source: X courtesy of Tron Inc

The Tron crypto treasury now holds 687 million coins worth approximately $206.1 million at press time. This number of coins currently represents only 0.72% of the current TRX circulating supply.

In other words, the current TRX treasury may still be too low to have a significant impact. The company has been buying roughly $50,000 worth of TRX per day. At this rate, it will take more than a year to reach 1% of the current circulating supply.

Tron Crypto Breaks Through Long-Term Descending Resistance

Tron’s latest TRX treasury milestone comes just as the cryptocurrency retested a major resistance level. The bulls pulled off a 3% mid-week bounce on Wednesday morning.

TRX price has been trading in a long-term wedge pattern since December 2024. It pulled back every time after retesting the pattern’s descending resistance.

TRX price breaks key resistance | Source: TradingView

The Tron crypto just broke through the same descending resistance during the latest descending retest. Moreover, this occurred just as the cryptocurrency entered the wedge pattern’s tight squeeze zone. This meant there was a high probability of a breakout or breakdown.

Bullish momentum has been carrying TRX price since early February. This was unlike most top coins, which were stuck in sideways price action during the same period.

The Tron crypto jumped from a local low of $0.26 on 6 February to $0.30 at press time. This was equivalent to 14% uptick, which almost pushed it into overbought territory.

The big question now is whether this momentum will prevail, or if the breakout will be short-lived, paving the way for another selloff.

Interestingly, TRX crypto was one of the few coins that achieved higher daily spot inflows than outflows on a year-to-date basis. In addition, derivatives activity has also been brewing and was up over 1,050% in the last 24 hours.

Tron Network Celebrates New Stablecoin Milestone, but Address Activity Lags

Beyond the TRX price factor, the Tron network continues to see robust stablecoin activity and growth. Aside from the anomalous spike in total stablecoin supply on January 5th, the network maintained a healthy stablecoin growth trajectory.

The total stablecoin supply on Tron pushed as high as $86.7 billion as of March 16th. It maintained a steady trajectory over the last few years and is now right up there alongside Ethereum in the list of top networks by stablecoin supply.

Tron network total stablecoin supply | Source: Artemis

While stablecoin supply maintained an overall uptrend, address activity took a hit over the last few months. According to Token Terminal, the number of active users on the Tron network cooled from 21.9 million users at its peak in November. It has since dropped to 14.1 million users as per the latest data.

Tron’s declining active users reflect the negative impact of the bear market. Network activity remained within respectable levels and is expected to recover as the market recovers alongside the Tron crypto price recovery.

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