- The Tron network has grown as platforms like SunPump continue to expand.
- Despite Tron’s growth, TRX has struggled to maintain its upward trend, falling 21% in 30 days.
Over the past year, the Tron (TRX) network has experienced significant growth and development.
Among these developments, SunPump is one of the most significant memecoin projects over the past year.
SunPump growth and its importance within Tron
According to CryptoQuant analysis, SunPump on the Tron network has become the first platform on the blockchain solely dedicated to the fair launch and trading of memecoins.
Source: CryptoQuant
Although the project is still in its early stages, the Total Value Locked (TVL) is close to $2 million.
For context, SunPump provides creators with an easily accessible, low-cost platform to launch their memecoins in a secure and user-friendly environment.
The platform excels at fairness and transparency, promoting a more autonomous and powerful trading experience.
Source: CryptoQuant
In addition to SunPump itself, a variety of tokens are integrated into the platform, including HTXunion, Sundoge, Tron Bull, SunCat, and InvestZone.
These projects dominate the number of active addresses within the platform, creating vibrant and highly engaged communities.
Projects like SunDog, which has a market capitalization of $77.21 million, demonstrate how the growth of the TRON network can accelerate rapidly.
What does TRX mean?
The Tron network has experienced exceptional growth through platforms such as SunPump, but its native token TRX has failed to keep pace.
TRX has struggled to post sustained gains on the charts due to the bearish sentiment prevailing in the market.
Altcoins continue to trend downward across the charts. According to AMBCrypto’s analysis, Tron is under strong downward pressure as bearish sentiment dominates.
Source: TradingView
This downward momentum can be seen through a decline in the Relative Vitality Index (RVGI). It fell to -0.36 after a bearish crossover 10 days ago.
This is further confirmed by the fact that DMI’s +DI continued to fall while ADX rose.
Source: IntoTheBlock
Furthermore, Tron currently lacks Whale support. Accordingly, major shareholder activity decreased by 57.31% over the past month, showing a downward trend. The decline in whale activity reflects a lack of confidence in the market.
Source: Santiment
This weakness among whales is not an isolated case, as the overall market is experiencing negative sentiment.
Therefore, Tron’s weighted sentiment has remained negative over the past week. This means that all market participants are bearish and expect prices to fall.
Read Tron (TRX) price prediction for 2025-2026
In conclusion, the Tron network has made remarkable progress through platforms such as SunPump. However, the native token TRX has not been able to keep up with the pace and continues to fall amid strong bearish sentiment.
If this sentiment continues, TRX could fall to $0.20. However, if this trend ends and a reversal occurs, TRX will need to recoup $0.25 to see sustained gains.