TRON Jumps After Sun’s Tweet, Network Volume Hits All-Time High
From Yahoo Finance: 2025-06-03 11:10:00
TRON (TRX) sees a 4.2% price spike to $0.2688 after a tweet from founder Justin Sun, becoming the 9th largest crypto. TRX hit an all-time high in May transfer volume with 490.3 billion TRX, equivalent to $132.4 billion at $0.27. TRX surpassed Cardano in market cap, climbing to nearly $26 billion.
TRON’s market cap climbs as TRX price rises 8.8% in May, reaching nearly $26 billion. TronDAO triggers community discussion with unusual TRX movements. A 45% surge in large TRX transactions totaling over $215 million was observed in a 24-hour period.
TRX price consolidates in $0.27-$0.275 range with potential for quick direction changes based on market conditions. Traders should watch for false breakout signals above $0.274 and consider short-term buying opportunities around $0.255. Bullish sentiment and forecasts suggest a potential $1 target for TRX.
Unexplained large TronDAO transfers and price consolidation call for close monitoring.
Read more at Yahoo Finance: TRON Jumps After Sun’s Tweet, Network Volume Hits All-Time High