TLDR
- Tron Inc. bought 156,574 TRX at an average price of $0.3193, a purchase worth roughly $50,000.
- The company’s treasury now holds more than 722.9 million TRX, worth about $231 million at that price.
- The TRON network settled about $2.18 trillion in stablecoin transfers in Q3.
- Q3 network revenue reached around $693 million, about three times the treasury’s value.
- Analyst Long Term sees $0.45 as a possible target if TRX breaks its monthly range.
Tron Inc. spent roughly $50,000 on its latest TRX purchase, a small buy next to a treasury now worth about $231 million. The Nasdaq-listed company acquired 156,574 TRX at an average price of $0.3193 per token.
The purchase lifts the firm’s total holdings above 722.9 million TRX. The new tokens add only about 0.02% to that stockpile.
Tron Inc. trades on Nasdaq under the ticker TRON. The company says it is building a digital asset treasury, or DAT, to grow long-term shareholder value.
The buy comes as TRX sits in a price range that has held for more than a year. Crypto analyst Long Term has flagged $0.45 as a possible target if the token breaks out of that range.
Network Revenue Outpaces the Treasury
Long Term shared data on X showing the TRON network settled about $2.18 trillion in stablecoin transfers during the third quarter. That works out to roughly $23.7 billion per day across the quarter.
The same post put TRON’s Q3 network revenue at around $693 million. That figure is about three times the dollar value of Tron Inc.’s entire TRX treasury at its latest purchase price.
Stablecoin payments remain the main use case for the TRON network. Its design focuses on payments and settlement, and many users rely on it to move dollar-backed tokens.
Heavy network use has not produced a price breakout for TRX so far. Traders are watching whether settlement volume and revenue hold steady in the coming quarters.
TRX Price Holds in a Tight Monthly Band
On the monthly chart, TRX has traded in a narrow band for more than 12 months. Long Term described the price action as boring but said the overall setup remains intact.
A move above the top of the range would give stronger evidence of a trend change. Traders are also tracking support levels at the bottom of the range for signs of weakness.
Long Term’s $0.45 target sits about 41% above Tron Inc.’s latest average purchase price of $0.3193. The analyst based the target on the long sideways pattern and the network’s ongoing financial activity.
Reaching that level would require TRX to clear resistance and draw in more buyers. Until a clear breakout forms, the target remains a projection rather than a confirmed move.
Tron Inc.’s recent buying has been steady but small in size. The company’s announcement did not list a target size for the treasury.
Traders will follow future treasury purchases and upcoming quarterly results for further signs of demand on the network. A rejection at resistance would extend the sideways pattern, while a breakout would support Long Term’s bullish case.
As of the company’s latest update, Tron Inc. holds more than 722.9 million TRX. Its most recent tokens were bought at $0.3193 each, while the TRX price remains inside its year-long monthly range.
The post Tron (TRX) Price Eyes $0.45 Breakout as Tron Inc. Keeps Buying at $0.3193 appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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