Tron: What does SunPump’s growth mean for TRX price?

Tron network saw growth as platforms like SunPump continued to expand.
Despite Tron’s growth, TRX has struggled to maintain an uptrend, dipping by 21% in 30 days.

Over the past year, the Tron [TRX] network has experienced considerable growth and development.

Out of all the advancements, SunPump has emerged as one of the most noteworthy meme coin initiatives during the last year.

SunPump growth within Tron and its significance

Based on an analysis by CryptoQuant, SunPump on the Tron network is pioneering as the initial blockchain-based platform specifically designed for a fair debut and exchange of meme coins.

Even though we’re just starting out with this project, the Total Value Locked (TVL) is rapidly approaching $2 million.

In this situation, SunPump offers a simple, budget-friendly solution for content creators to introduce their meme-based cryptocurrencies in safe and intuitive settings.

The platform is notable for its honesty and openness, fostering a more independent and self-reliant trading environment.

Besides SunPump as the main component, several other tokens such as HTXunion, Sundoge, Tron Bull, SunCat, and InvestZone are also incorporated within this platform.

The projects have a significant presence on this platform, fostering a lively and involved user base.

Projects such as SunDog, boasting a market capitalization of $77.21 million, demonstrate that the Tron network can experience rapid and significant expansion.

What does it mean for TRX?

Despite the impressive expansion of the Tron network, spearheaded by projects such as SunPump, its own token, TRX, hasn’t managed to match this growth rate.

Over time, TRX has found it challenging to maintain consistent growth on its price graphs, as pessimistic views have largely prevailed among traders.

The cryptocurrency alternative (altcoin) has persistently dropped in value across various price charts, as suggested by AMBCrypto’s examination. Tron appears to be under significant selling pressure due to a prevalence of pessimistic market attitudes.

We’re observing a decrease in energy, indicated by a falling Relative Vigor Index (RVGI), which recently made a bearish crossover and has now declined to -0.36.

As a researcher, I’ve observed an interesting trend: While the Directional Movement Index’s (+DI) has persisted in its downward trajectory, the Average Directional Index (ADX) has shown an upward trend. This suggests that the market might be experiencing increased volatility, as the ADX rise typically indicates a strengthening trend.

From my perspective as an analyst, I’ve noticed that Tron seems to be experiencing a decrease in support from large holders or ‘whales’. This decline in their activity over the past month has dropped by approximately 57.31%. When whale activity diminishes, it often signifies a lack of confidence in the market on their part.

The pessimism shown by the ‘whales’ (large investors or entities) isn’t unique; rather, it mirrors a broader market trend where there’s widespread negativity.

In summary, Tron’s sentiment score has consistently been negative during the last week, indicating that most traders are pessimistic and expect prices to drop.

Read Tron’s [TRX] Price Prediction 2025–2026

To sum up, the Tron network has advanced significantly thanks to tools such as SunPump. Nevertheless, its own token, TRX, hasn’t matched this progress and instead, it’s been slipping downwards, struggling against persistent bearish trends.

Should these feelings persist, the price of TRX might drop down to around $0.20. Conversely, if this pattern changes and a turnaround happens, TRX must regain approximately $0.25 for it to sustain further growth.

2025-01-15 14:15

SunPump growth within Tron and its significance

What does it mean for TRX?

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