Tron Reserve Fund Holds 687 Million TRX as Price Retests Key Resistance Level

It has been nearly 9 months since Tron’s cryptocurrency reserve fund was established. The network maintains a steady accumulation pace according to a buyback strategy and has just announced its latest purchase round.

Tron Inc. stated it bought an additional 167,999 TRX, with a total cost of nearly $50,000, at an average price of $0.2976 per token.

Tron Cryptocurrency Reserve Fund | Source: X provided by Tron Inc Currently, the TRX reserve fund holds about 687 million tokens, worth approximately $206.1 million at the time of writing, accounting for 0.72% of the circulating supply. With this scale, the market impact remains limited. The company is buying around $50,000 worth of TRX daily; at this rate, it will take more than a year to reach 1% of the circulating supply.

TRX Breaks Long-Term Downward Resistance

A new reserve milestone appeared as TRX tested a key resistance zone. Buyers pushed the price up by 3% mid-week. Since December 2024, TRX has been moving within a falling wedge pattern and continuously adjusting when hitting the descending resistance line.

TRX Price Breaks Through Key Resistance | Source: TradingView In the most recent test, TRX broke through this resistance line and entered the “tightening” phase of the pattern—an indication of a high probability of significant volatility in either direction. The bullish momentum has persisted since early February, contrasting with many major coins that are moving sideways. TRX’s price increased from $0.26 (February 6) to $0.30, a 14% gain, approaching overbought levels.

The question is whether this rally can be sustained or if it’s just a short-term breakout before a correction. Notably, TRX is one of the few assets recording positive net spot flows since the start of the year. Derivatives activity has also surged, with over 1,050% increase in the past 24 hours.

Stablecoin Activity Grows, but User Numbers Decline

Alongside price movements, Tron’s network continues to see strong growth in stablecoins. Except for a spike on January 5, the total stablecoin supply has maintained a steady upward trend, reaching about $86.7 billion on March 16, putting Tron on par with Ethereum among top networks by stablecoin supply.

Total Stablecoin Supply on Tron | Source: Artemis However, address activity has weakened in recent months. According to Token Terminal, active users peaked at 21.9 million in November, then declined to around 14.1 million in the latest data.

The decline in user activity reflects the impact of the bearish market. Nonetheless, network activity remains significant and is expected to recover as the cryptocurrency market and TRX prices rebound.