TLDR;
- TRON (TRX) is trading close to its all-time high, showing exceptional strength compared to most altcoins.
- Key metrics like Sharpe Ratio and NRM reflect a moderate risk-return profile, suggesting sustainable momentum.
- On-chain data reveals massive transaction fees, stablecoin dominance, and increased whale accumulation.
- Analysts predict price targets as high as $1.11, citing breakout patterns and growing institutional interest.
A the crypto market continues to reel from volatility, TRON (TRX) has emerged as one of the most resilient assets. While much of the altcoin sector remains far below previous highs, TRX has continued to flirt with its all-time high, backed by consistent recovery and robust network fundamentals.
In a recent analysis, CryptoQuant analyst Joao Wedson highlighted this growth noting that “TRX stands out by remaining close to its all-time high alongside Bitcoin. Its recovery since the 2024 peak is one of the strongest in the market.” This resilience is highlighted by the Drawdown Heatmap, which shows TRX in the coveted blue zone, reserved for assets with the lowest deviation from peak prices.
TRX Bullish Momentum Remains Strong
“Historically, when buying pressure reaches high levels, it often signals the formation of price tops. However, this has not occurred yet, suggesting that TRX still has healthy room for further upside” – By @joao_wedson pic.twitter.com/Z2XvaNddw2
— CryptoQuant.com (@cryptoquant_com) May 23, 2025
More than just price action, TRON’s performance is backed by a solid risk-return profile. The current Sharpe Ratio ,measuring risk-adjusted returns, sits between 0.1 and 0.15, signaling a healthy tradeoff between risk and reward. TRX’s Normalized Risk Metric (NRM) also hovers around 0.5, indicating moderate risk, far from speculative extremes or panic zones.
On-Chain Data Points to Explosive Network Utility
The numbers behind TRON’s network activity are equally impressive. Over the past 30 days, TRON generated approximately $277.2 million in transaction fees, outpacing giants like Ethereum, Solana, and BNB Chain. Such fee dominance indicates massive adoption and real-world utility.
Stablecoin usage further reinforces TRON’s role in crypto finance. Tether (USDT) now accounts for 98.5% of the stablecoin supply on TRON, with a circulating value of $62.76 billion. This makes the network a central hub for stablecoin transactions, especially in emerging markets and cost-sensitive environments.
Daily transaction volume is also climbing with the TRON network consistently processing over 8 million daily transactions since February 2025.
“From early 2024 to mid-May 2025, the 30-day moving average of daily transactions increased from approximately 4.3 million to around 8.4 million—a 95% rise, nearly doubling in volume.” Cryptoquant analyst Maartunn recently noted. “The growth likely comes from factors such as more users interacting with TRON-based dApps, increased stablecoin transfers (especially USDT), low fees, fast transactions, and recent updates or partnerships in the ecosystem.”
TRX Whale Activity Picks Up
Behind the scenes, the big players are making moves. In March 2025, TRX’s top 10 whale wallets increased their holdings by 5.2%, while wallets tied to venture capitalists and institutions saw a 2.8% rise. These accumulation patterns hint at growing institutional confidence in TRON’s future trajectory.
Adding to this institutional momentum is the SEC’s recent acknowledgment of a staked TRX product from Canary Funds.
As expected, more delays on crypto ETFs dropped today. Delays include @BitwiseInvest & @CoinSharesCo XRP ETFs. Delay on Litecoin ETF Filing. Delay on @Fidelity's In-kind Bitcoin filing.
On the more positive side: SEC acknowledged @CanaryFunds's staked TRX filing https://t.co/bqXHT5MAnS pic.twitter.com/LzrxfFZK2J
— James Seyffart (@JSeyff) May 22, 2025
While subtle, the move could signal a broader shift in regulatory sentiment toward staked crypto assets. Should regulators continue down this path, it might open the door to a range of new financial products tied to TRX.
Analysts Project Big Upside
That said, analysts are lining up behind bullish predictions for TRX’s next move. Popular trader Crypto NL sees echoes of past rallies, pointing out that;
“In 2021, TRX surged over 300% after breaking its ATH. In November 2024, it did 160%. I wouldn’t be surprised to see it push toward $0.60 in the next leg up.”
Others are even more optimistic. Javon Marks has identified a large logarithmic wedge breakout, originating in late 2024, that sets up TRX for a potential 450% rally. His target? $1.11 by April 2025.
$TRX (TRON) could still be on track to pushing and reaching the $1.11+ target level in another +400% run! https://t.co/btOKiDYJV2 pic.twitter.com/Bvvw1IzZYN
— JAVON⚡️MARKS (@JavonTM1) May 20, 2025
As metrics remain stable, on-chain usage explodes, and institutional activity ramps up, TRON seems poised for further growth.
At press time TRX was trading at $0.2739, reflecting a modest 0.97% surge in the past 24 hours
