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What does the regular accumulation of TRX by Tron signal?
Tron Inc., the NASDAQ-listed operator of the Tron blockchain, has accumulated approximately 680 million TRX tokens (TRX) in its treasury after executing a series of daily purchases around $0.28 per token, while founder Justin Sun issued a brief public message of support that some traders interpreted as a signal of confidence.
What happened: the Tron treasury is growing
On-chain data shows that the company purchased 179,408 TRX on February 9 at an average price of $0.28. This purchase followed similar operations on February 7, when more than 184,000 tokens were acquired at $0.27 each, and then on February 8, when over 181,000 additional TRX were added at $0.28.
What happened: the Tron treasury is growing
On-chain data shows that the company purchased 179,408 TRX on February 9 at an average price of $0.28. This purchase followed similar operations on February 7, when more than 184,000 tokens were acquired at $0.27 each, and then on February 8, when over 181,000 additional TRX were added at $0.28.
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TRX
0.2788
+0.10%