TRX reached a new all-time high above $0.43, surging 81% on Tuesday
Market cap exceeded $35.1 billion amid shift from Bitcoin and meme coins to older projects
Network activity shows increasing daily active addresses and transactions
Potential Grayscale inclusion speculation contributing to price momentum
Tron meme coins seeing notable gains, with FoFar up 240% in 24 hours
Tron’s native token TRX has achieved a historic milestone, reaching an all-time high above $0.43 on Tuesday. The price surge represents an 81% increase, pushing the project’s market capitalization beyond $35.1 billion, according to data from CoinGecko.
The remarkable price movement comes as investors shift their attention from Bitcoin and newer cryptocurrencies, including meme coins, toward established projects that have demonstrated staying power in the market. This rotation of capital has particularly benefited older cryptocurrencies that have experienced price declines from their previous peaks.
Pat Zhang, head of WOO X Research, explained the market dynamics driving this shift. “Most older projects are fully circulated and have dropped over 90% from their peaks, allowing small amounts of capital to boost prices and attract market liquidity,” Zhang told Decrypt.
Institutional interest appears to be playing a role in TRX’s price appreciation. In October, Grayscale named TRX as one of 35 tokens under consideration for inclusion in its investment assets. The potential addition to Grayscale’s portfolio could provide additional institutional legitimacy to the project.
The price movement occurs alongside notable developments within the Tron ecosystem. Founder Justin Sun’s recent activities, including a $30 million purchase of WLFI tokens and his appointment as an advisor, have maintained the project’s visibility in the cryptocurrency space.
Sun’s recent headline-grabbing purchase and consumption of the conceptual artwork “Comedian” has also contributed to community engagement. The playful stunt involving the famous banana artwork has indirectly influenced related token prices, including BAN, according to market analysts.
Launched in 2017 following a $70 million initial coin offering, Tron operates as a high-throughput blockchain platform. The Singapore-based Tron Foundation, under Sun’s leadership, positions the platform as an alternative to Ethereum, focusing on digital content distribution without traditional intermediaries.
The broader Tron ecosystem is experiencing growth beyond the main token. Meme coins built on the Tron blockchain have seen increased trading activity. FoFar (FOFAR) leads the pack with a 240% gain in 24 hours, while its market capitalization has more than tripled during the same period.
Sundog (SUNDOG) maintains its position as the leading Tron-based meme coin by volume, recording over $163 million in trades and holding a market capitalization of $172 million. Meanwhile, Tron Bull Coin (TBULL) has posted gains of 71.7%, with its market cap doubling from $13.4 million to $27.9 million in a single day.
The price surge contrasts with the relative stability of market leaders Bitcoin and Ethereum, which have shown minimal price movement during the same period. This divergence highlights the current market rotation toward previously undervalued assets.
Technical indicators suggest continued momentum. The On Balance Volume (OBV) shows increasing trading volume during positive price movements, while the MACD displays a bullish trend. However, the Relative Strength Index (RSI) has entered overbought territory, which could indicate potential short-term price corrections.
Network statistics further support the price movement, with blockchain data showing sustained growth in both transaction volume and user activity. Daily active addresses have reached new highs, suggesting organic network growth alongside the price appreciation.
The current market dynamics reflect a broader trend of capital allocation toward established cryptocurrency projects with proven track records. As TRX approaches potential inclusion in institutional investment vehicles, market participants continue to monitor network metrics and price action for signs of sustained momentum.
XRP and Hedera (HBAR) have experienced similar upward movements this week, suggesting a broader market shift toward established alternative cryptocurrencies as investors reassess valuations in light of evolving regulatory perspectives in the United States.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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