Tron Inc: Acquires 155,886 TRX Tokens
Tron Inc bought 155,886 TRX at $0.3207, boosting holdings to 691.4M amid Tron blockchain token buyback programs for long-term value.
SourceTron Inc (NASDAQ: TRON) snapped up 155,886 TRX tokens at an average price of $0.3207, pushing its treasury to over 691.4 million TRX, as announced by Justin Sun via tweet. This move aligns with ongoing Tron blockchain token buyback programs, echoing Justin Sun's history of bolstering TRX holdings since the protocol's scalable, high-throughput foundation emerged as a blockchain powerhouse. Investors eye the on-chain wallet for live updates, signaling confidence in TRX price prediction amid crypto market volatility, with ties to trending assets like Bitcoin (BTC) influencing broader sentiment.
From a technical standpoint, TRX trades flat at $0.07 on the 4-hour chart, hugging both the EMA50 and EMA200 supports at $0.07 in a bullish trend structure reinforced by a MACD golden cross at 0.0. RSI sits neutral at 58.71, while price coils inside tight Bollinger Bands with upper resistance and lower support converging at $0.07, suggesting volatility exhaustion and a potential breakout if momentum builds—watch for confluence here as bulls defend this level against any crypto market crash pressures, positioning for upside in line with BTC hype cycles.
Justin Sun 孙宇晨
@justinsuntronJustin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor