TRON rises to 8-month high after treasury buy; transfers fall

On May 9 TRX climbed to $0.353 after Tron Inc. purchased 142,127 tokens at an average price of $0.3518, pushing its treasury past 695.4 million TRX. The token has gained more than 7% so far in May and was trading near $0.349 at the time of reporting. Other altcoins including Zcash, Ondo and Toncoin also posted rallies during the month.

On-chain analytics show total tokens moved on the TRON network fell from roughly 17.3 billion to about 12.2 billion over the past month. The on-chain transfer metric records tokens moved between addresses, including user transfers, decentralized applications and flows across exchanges.

An analyst at CryptoOnchain cautioned that price rallies are typically accompanied by rising network activity and noted the divergence between TRX price and transfer volume. The analyst said the recent price gains may reflect more speculation or hoarding than broader on-chain use and observed that the $0.35 level remains exposed without stronger transaction activity.

Tron Inc. described the purchase as part of a plan to grow its Tron DAT holdings and enhance long-term shareholder value. The latest acquisition raised the company’s total holdings to more than 695.4 million TRX.

Market participants will watch whether on-chain transfer volumes increase or Tron Inc. continues treasury purchases as TRX trades near the $0.35 level.