Whales have added approximately $293 million worth of TRX tokens in numerous transactions, according to data from Whale Alert. Around 3.56 billion TRX has been transferred from Binance to other unidentified wallets. This purchase included two large purchases totaling over $76 million. On May 30, 2022, the whale added about $87.7 million worth of TRX tokens in similar trades. The largest transaction was 960 million TRX from Binance to an unidentified wallet.
At the time of writing, the TRX coin was trading at an average price of $0.081. Its 24-hour trading volume has increased by 9% to $967 million. In the last 30 days, the TRON token has increased by more than 20%. Meanwhile, the most valuable digital assets, such as Bitcoin and Ethereum, have fallen by 17% and 29%, respectively.
Tron DAO welcomes TPS capital
TPS Capital, Three Arrows Capital’s official over-the-counter (OTC) desk, was confirmed as the eighth member of the TRON DAO Reserve earlier this week. The Reserve had previously added the Falconx network to its roster of members. Meanwhile, TRON’s CEO, Justin Sun, announced that some important news about their stablecoin, USDD, will be released this week.
In the aftermath of the TerraUSD collapse, TRON’s USDD has shown to be the most profitable stablecoin. The entire supply of USDD has grown to $601 million. It has a 24-hour trading volume of $62 million.
The TRON chain was able to grow its total value locked throughout the market crisis as a result of this spike. In the last month, TRON’s TVL has climbed by around 50%. It has a locked value of $5.9 billion. The Ethereum chain, on the other hand, continues to be the leader in terms of TVL.
Read more: Ethereum investor purchases 142.6 Billion SHIB after SHIB holding by whales fall below $500 million
