CandleFocus Whales transfer funds to JustLend DAO on TRON
2024-10-03
Author: Content Editor
Inflows from TRON whales have boosted the TRX available in JustLend DAO, the largest DeFi protocol on the TRON chain. In four transactions, the lending protocol received over 3 billion TRX, valued at over $465 million. The tokens can be used as lending collateral, giving the whales access to stablecoins for further investments. The recent transactions came from unidentified wallets, although Justin Sun, TRON's founder, has also been active in withdrawing and re-depositing TRX from JustLend DAO. The inflows do not pose a threat to the DAO and may be part of the overall recovery of the TRON ecosystem. TRX prices have been rising and are expected to continue the rally in the short term. TRX trading volumes have become more predictable and sustainable. Additionally, the TRON chain will start hosting WBTC from October 8, which may further increase DeFi liquidity.
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