Tron Inc.'s TRX Tally Tops 700M as Token Treads Water Near $0.31 🫧

Tron Inc. expanded its TRON [TRX] holdings beyond 700.4 million tokens, reporting the purchase of 157,392 TRX at an average price of $0.3177 for roughly $50,000, according to company disclosures. The acquisition followed a separate 159,118 TRX buy reported the prior day and was part of a June accumulation totaling 1.2 million TRX so far this month.

TRX traded around $0.31 at press time, down 3% over the past week, after being rejected at $0.37 in late May. The token has moved within a descending channel since that rejection, reflecting sustained bearish pressure on the altcoin.

Data from DefiLlama showed the network recording largely positive Daily Net Inflows across the observed period, with inflows standing at around $6.9 million at press time. Positive net inflows indicate more capital entered the network than exited it during the period measured.

On-chain and technical indicators, however, pointed to continued weakness. TRX's Relative Strength Index sat near oversold territory around 30, while the MACD remained negative at approximately -0.0003, with the Signal Line above it. Together, the setup suggested sellers retained firm control of momentum.

With external factors held constant, TRX could test support at $0.31 and decline toward $0.30, while a sustained pickup in demand from continued accumulation could see the token reclaim $0.32 and target $0.35.