Tron Inc. Buys 158K TRX As Price Eyes $0.45 This Quarter

Key Insights

• Tron Inc. acquired 157,555 TRX tokens at an average price of $0.3174. This increased its TRX treasury holdings to more than 690.7 million TRX in total.
• Over $4B in USDT added to TRON this quarter, reinforcing its role as a leading payments network. TRON integrated Hyperlane, enhancing its cross-chain capabilities across over 150 chains.
• TRON eyes a breakout past $0.37 resistance if $0.31 holds and surpasses $0.35. This would set the target for this quarter at $0.43.

The TRON Network (TRX) is mainly known for facilitating payment through stablecoins as it provides a layer for these transactions. Tether usually mints its USDT on the TRON or Ethereum (ETH) chains. As blockchain integrates more chains and AI to support the agentic economy, TRX is gaining significant traction among institutions.

Tron Inc. (Nasdaq: TRX) is the largest institutional holder of TRON crypto, and it seems the firm is not stopping its accumulation anytime soon. After clocking 60 consecutive days of buying TRX, the digital asset treasury (DAT) company is back.

Tron Inc. Acquires More TRX For Its Treasury

This time, Tron Inc. bought 157,555 TRX tokens worth $50K, indicating a continuation of its daily buying trend. The Tron Inc. treasury increased its holdings to 690.7 million TRX, worth about $202 million at press time.

Most of its holdings, that is, 88.6% of the total, were staked, and the value was about $230 million, which included rewards. The DAT company aimed to acquire more TRON tokens to ensure long-term shareholder value growth.

Tron Inc. wallet holdings | Source: TRONSCAN

Such institutional backing, particularly the open blockchain purchases, instilled confidence among holders. Additionally, the TRON crypto team had upgraded the blockchain to support institutional-grade custody in late March. This meant that accumulation was going to accelerate.

It was worth noting that such small buys do not affect the market immediately. Previous instances did not result in any price reaction to the upside. Instead, such activity means the institution is building a position.

Tron Crypto News: Liquidity Meets Network Expansion

Moreover, TRON crypto was thriving in terms of liquidity and network expansion. For instance, over $4 billion in USDT supply was added to the TRON blockchain in the first quarter of the year. This showed that liquidity was abundant for TRX traders, while confirming the chain’s importance as a payment rail. Stablecoins were primarily used for payments and to give new traders exposure to crypto.

This had been accelerated by the AI agents’ economy. To accelerate these efforts, the TRON crypto team expanded its network by integrating Hyperlane. This upgrade improved TRON’s cross-chain transactions across 150 chains. This new led to a price jump by 0.23% with a daily trading volume of $520 million.

TRX Price: Can Tron Crypto Reach $0.45 in Q2?

On the weekly price action charts, the outlook was bullish, with TRON crypto trading upward since the start of 2023. The altcoin spiked to $0.45 in the first week of December 2024. The current trend shows that the TRX price has been bullish over the short term, having recently bounced off the rising trendline support.

From the chart, TRX price was potentially headed toward $0.45. However, this target was dependent on breaking $0.35 and $0.37 resistance levels. The bullish action was supported by the Stochastic Momentum Index (SMI), which registered a reading of 64.

TRX price action chart | Source: TradingView

Conversely, bulls needed to be wary of breaking below the rising support, as that would invalidate the long-term trend. But Tron Inc.’s involvement prevented this from happening. However, the markets were uncertain. For instance, the October 10th crash liquidated almost all traders at a time the crypto sector was bullish.

With proper risk management, the accumulation trend, growing liquidity, and network expansion were enough signals to bet on TRX in the long term.

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