Tron Inc. continues to accumulate TRX tokens with the recent addition of more than 184k to its holdings. The move comes at a time when TRX price is following the rally of the entire crypto market. Its near-term price projection stretching to the next 3 months is bullish as of now.
Accumulation by Tron Inc.
Listed on Nasdaq as TRON, Tron Inc. announced the addition of 184,226 TRX tokens to its total holdings. The recent acquisition comes at an average cost of $0.27, and takes the total holdings to over 680.3 million. Its objective is to enhance the long-term value of shareholders.
This is not the first time that Tron Inc. has accumulated TRX in its holdings. It added 180,093 tokens yesterday and 175,507 tokens the day before that. Community memes have responded to the update by calling it a smart move to grow reserves, adding that it could pay off in the long-term.
Justin Sun, Founder of Tron DAO, has praised the move. He earlier expressed confidence in the future of Tron DAO, stating that it could become a paradise for AI Agent-to-Agent and Machine-to-Machine interactions.
TRX Price Over Time
TRX price is currently $0.2753, slightly above the price at which Tron Inc. accumulated its recent holdings. It is up by 1.59% over the last 24 hours and 18.87% in a year. However, the current TRX price reflects a plunge of 5.67% and 7.57% in the last 7 days and 30 days, respectively.
Projections for the next 3 months are bullish, estimating a surge of 25.15% amid the medium volatility of 3.50%. TRX price could hover around $0.3427; however, it is recommended to do thorough research and risk assessment before crypto investments.
Overall sentiments are bearish as TRX tests support levels of $0.2701 and $0.2641 along with resistance levels of $0.2761 and $0.2821.
Rally Across the Crypto Market
The crypto market is weighed optimistically at the moment. The market cap has surged by 7.49% to $2.41 trillion. BTC, the flagship crypto, has jumped by 6.58% over the last 24 hours to $70,180.66.
The upward trajectory possibly follows a Friday’s comment by San Francisco Federal Reserve Bank President Mary Daly. Mary called the labor market’s stand precarious, adding that the US Federal Reserve could have cut rates last week. Daly underlined that more rate cuts may be required, aligning with Trump’s earlier call for rate cuts.
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