Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»TRON drops $6 billion due to ‘illegal trading volume’
ALTCOIN NEWS

TRON drops $6 billion due to ‘illegal trading volume’

By Crypto FlexsJanuary 17, 20253 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
TRON drops  billion due to ‘illegal trading volume’
Share
Facebook Twitter LinkedIn Pinterest Email
  • TRON saw the largest decline in illicit volume, with the same figure falling by $6 billion.
  • TRX posted a 3.02% gain on the charts.

Over the past year, TRON has worked hard to restore its reputation and increase acceptance while reducing legal issues.

In fact, blockchain has attempted to fight crime by limiting and confiscating assets obtained through criminal activity. To this end, TRON, Tether, TRM Labs, etc. have started collaborating through T3 FCU starting in 2024. According to Justin Sun, these efforts are now bearing fruit and illicit trade volumes are decreasing overall.

Illegal volume significantly reduced

According to the TRM report, TRON has shown several positive trends in 2024. The largest percentage of illegal cryptocurrency activity throughout the year occurred on the TRON blockchain, with 58% of illegal trading volume. This was followed by Ethereum at 24%, Bitcoin at 12%, Binance Smart Chain at 3%, and Polygon at 3%.

This has highlighted the growing demand for blockchains with low transaction fees, smart contracts, and popular stablecoins.

Although TRON now appears to be leading the way in this area, it is worth noting that illegal activity has seen the greatest decline. In fact, TRON’s illicit trading volume decreased by $6 billion and the rate of such activity was nearly halved. Specifically, 49% of Tron’s illicit trading volume was linked to sanctioned companies, and 32% was linked to blacklisted funds.

TRON’s decrease in illegal transaction volume is due to the blockchain’s focus on eradicating illegal actors from the blockchain.

In August 2024, TRON, Tether, and TRM established the T3 Financial Crimes Unit (T3 FCU), which aims to promote public-private partnerships to combat illicit activities using USDT and the Tron blockchain. Since its inception, it has frozen more than $130 million in illicit proceeds.

What does this mean for TRX?

A decrease in illegal transactions within the TRON blockchain is good for TRX. Simply put, TRX will benefit more as more users trust the network, resulting in higher adoption and more new users. Especially in the last 24 hours alone, TRX has recorded modest gains as investors took advantage of good news about the network.

For example, at the time of this writing, the altcoin was trading at $0.244. This marks an increase of 3.02% in the last 24 hours and the cryptocurrency has also recorded gains on the weekly charts.

As TRX earns these gains, the question that arises is whether it can sustain them.

According to AMBCrypto’s analysis, TRX is showing strong upward momentum on recent charts.

Source: TradingView

For example, TRX has had a bullish crossover on RSI over the past 24 hours. This crossover suggests that buyers are dominating the market while sellers are losing momentum.

Simply put, altcoins are seeing their momentum strengthen. This trend was further confirmed as the rising MACD line got closer and closer to another bullish crossover.

Source: IntoTheBlock

Looking more closely, all market participants are optimistic and have continued to accumulate.

This could prove to be a sharp decline in net flows to the exchange. In fact, netflow has decreased to negative values. This is a sign that more transfers are occurring on the exchange.

Source: IntoTheBlock

Lastly, TRON whales are also bullish and continue to purchase altcoins. For example, net flows from large holders turned positive after remaining negative for several days. This shows that capital inflows from whales have increased compared to outflows.

In conclusion, TRON positions the network to grow further through adoption, regulatory approval, and usage as criminal activity within blockchains declines.

Next: Bitcoin’s 2025 Price Target – $145,000 or $249,000? that…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

JPMorgan Chase CEO opposes the Clarity Act and said banks will fight the bill in upcoming price hikes.

July 2, 2026

HBAR outperforms XLM and LINK Developing: Bullish Signal or Noise?

June 18, 2026

Will the BTC price bottom not occur until the 4th quarter? 5 things to know about Bitcoin this week

June 11, 2026
Add A Comment

Comments are closed.

Recent Posts

Bitcoin Suisse Advances Middle East Expansion, Receives Financial Services Permission In Abu Dhabi

July 7, 2026

Moonbeam switches from Polkadot to Base for building AI agents.

July 7, 2026

Bittensor subnet token launches on Kraken

July 6, 2026

GoMining uses DMND pool to mine the first Stratum V2 Bitcoin block.

July 6, 2026

How to Hedge a Cryto Portfolio: A Beginner’s Guide (2026)

July 6, 2026

BTSE Group Launches BTSE Indonesia Through Joint Venture, Entering One of Asia’s Fastest-Growing Cryptocurrency Markets

July 6, 2026

Bitmine Immersion Technologies (BMNR) Announces Total Crypto And Cash Holdings Top $11.1 Billion Now

July 6, 2026

Deribit And SignalPlus Launch The Island Trading Competition With Up To $600,000 USDC In Prizes

July 6, 2026

Shiba Inu sees a bullish resurgence with a surge in token burn rates.

July 5, 2026

From T+1 to T+0: What happens as the chain progresses after a transaction (Stable Summit New York Fireside Summary)

July 5, 2026

The creator of Bollinger Bands suggests Bitcoin could end its bearish trend.

July 4, 2026

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin Suisse Advances Middle East Expansion, Receives Financial Services Permission In Abu Dhabi

July 7, 2026

Moonbeam switches from Polkadot to Base for building AI agents.

July 7, 2026

Bittensor subnet token launches on Kraken

July 6, 2026
Most Popular

AXS, FIL, ATOM are now securities.

September 13, 2024

Cryptocurrency Trading Firm Kronos Research Confirms $26 Million Hack

November 25, 2023

Bitcoin whales accumulate $1 billion worth of BTC.

June 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2026 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.