After a recent surge that pushed its price above $0.365, TRON (TRX) is currently consolidating around $0.355. While its recent market momentum has slowed, an analysis of its futures market and on-chain data provides a balanced outlook for the asset.
According to a CryptoQuant analyst, the TRON Futures Volume Bubble Map indicates a neutral position for TRX's futures market. This suggests that the recent price increase has been driven by genuine buying interest rather than excessive speculative activity from leveraged traders. Historically, this indicator has signaled a local top when it enters an "overheating" zone, which has not yet happened. This could mean that TRX has more room to grow if current trends continue.
In a separate analysis of TRON’s on-chain data, a significant spike in network activity was observed on July 19, 2025, with over 3.426 billion TRX—valued at approximately $1.11 billion—being transferred. While this appeared to be a massive surge, a closer look revealed that the activity was not from organic user adoption but rather from operational movements, likely a large exchange rebalancing its hot and cold wallets. This was evidenced by back-and-forth transfers and fixed-denomination movements between a small group of interconnected wallets.
While this specific event was not a sign of organic growth, it occurred within a broader trend of increasing transactions per second (TPS) and overall network volume on TRON, indicating that the network's underlying activity continues to expand. Analysts caution that it's important to distinguish between these large operational transfers and true user-driven growth.
August 2025, Cryptoniteuae