The Tron network has recently shown considerable growth, especially with the rise of platforms like SunPump dedicated to fair Memecoin trading. While this advancement in the ecosystem is significant, the native token TRX is experiencing challenges.
Despite the progress, TRX has seen a 21% drop in value over the past month. This decline highlights a bearish trend in market sentiment, raising concerns about TRX’s ability to recover from potential lows.
Currently, TRX struggles with a lack of support from investors, particularly whales, whose activity has drastically decreased. Analysts predict that if the trend continues, TRX could dip further to 0.20 USD without a market reversal.