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TRX price hits $0.35 despite sharp drop in token transfers, signaling speculative rally risk.

Technical Signals
10 May 2026
Blockonomi
View Source
Neutral
pluang ai news

Tron (TRX) price rose to $0.35, matching recent highs, but on-chain token transfers fell sharply from 17.3 billion to 12.2 billion, indicating weaker network activity. This divergence suggests the price rally may be driven by speculation rather than genuine demand, raising concerns about sustainability. Meanwhile, Tron Inc. bought 142,957 TRX at $0.3498, increasing its treasury holdings to over 695.2 million tokens, aiming to boost long-term shareholder value. Analysts warn the $0.35 price level is fragile without a rebound in transfer volume, making cautious trading advisable until network activity improves.

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