Tron (TRX), the 10th largest cryptocurrency by market capitalization, has seen a significant surge in whale activity, with a 253% increase in large transactions in the last 24 hours. This indicates increased interest in TRX among large holders. The surge in activity comes amidst a broader market liquidation that saw $359 million wiped out across various crypto assets. However, TRX has experienced a 5.74% increase in the last 24 hours, reaching $0.235, as the overall crypto market recovers. Tron's blockchain has also seen substantial growth, with a 119% increase in daily on-chain revenue since the beginning of 2024, driven by increased gas usage and transaction volume. The use of USDT on the Tron network has also grown significantly, with the supply increasing from $48 billion to $62 billion in 2024, and the value transferred rising from $362 billion to $576 billion in the same period. USDT is the most transferred token on Tron, accounting for over 99% of tokens transferred. Overall, these developments suggest the growing adoption and activity of Tron and its associated platforms.



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