Key Takeaways
- 261,881,459 TRX tokens moved from an unknown wallet to Binance, raising sell-off concerns.
- A potential TRX dip could occur if it fails to hold the $0.334 support level.
- Tron has continued its dominance in stablecoin transfers.
Amid the ongoing market recovery, Tron’s native token TRX is making waves following whale activity.
$88 Million TRX Whale Transfer to Binance
On September 9, 2025, blockchain transaction tracker Whale Alert reported that an unknown crypto wallet transferred 261,881,459 TRX tokens worth $88.47 million to Binance, the world’s largest cryptocurrency exchange.
This substantial token transfer from a wallet to an exchange raises concerns of a potential sell-off. In the crypto landscape, such transactions often hint at whales preparing for a possible dump.
However, it is not yet confirmed whether this transfer was made for selling or staking, but it still appears to be a red flag for token holders.
Tron (TRX) Current Price Momentum
The impact has already started to show on the TRX price, which dropped from $0.338 to $0.334. TRX, the world’s ninth-largest cryptocurrency by market cap, is currently trading at $0.334.
Compared to other cryptocurrencies, TRX’s trading volume recorded a modest 6% increase, which is significantly lower than the gains seen in other assets over the past 24 hours.
Tron Technical Setup: Breakout or Breakdown?
TimesCrypto’s technical analysis suggests that TRX is currently hovering at the make-or-break point of $0.334. On the four-hour chart, the asset broke out of a descending trendline and closed a candle above it, confirming a bullish breakout.
However, due to strong selling pressure, the price has once again returned to the key support level.
Based on the current price action, if TRX holds $0.334 support level, there is a strong possibility of a 10% surge, potentially reaching the $0.37 level. On the other hand, if the asset fails to hold this support, it could face a downside move of over 4%, dropping toward the $0.32 level.
At press time, the 200-day Exponential Moving Average (EMA) is trading above TRX, and the price has been facing resistance from it. This suggests that the asset is still in a downtrend.
Tron Leads in USDT Transfers
Meanwhile, TRX’s only bullish catalyst is the Tron blockchain. Data reveals that Tron has continued with its dominance in stablecoin transfers, particularly for Tether (USDT). On-chain data analytics provider CryptoQuant noted that Tron processed $687 billion in USDT transfers in August 2025.
Consequently, Tron captured 57.7% of the total $1.19 trillion USDT transfer volume, compared to the $504 billion from Ethereum. This marks the highest monthly USDT stablecoin transfer volume ever recorded on Tron.
Tron has consistently dominated in USDT transfers, driven by low transaction fees and high throughput. The blockchain held over 50% market share for 48 of the last 74 months and above 70% for 16 months since September 2021.
Meanwhile, Ethereum’s $504 billion in USDT transfers was its best month ever, representing a 28.9% monthly increase. Also, it saw a 140.2% year-over-year growth, outpacing Tron’s 49.8%. This data shows Ethereum is closing the gap during strong months but still trails Tron overall.
