- TRON’s daily active accounts increased by 0.56% in August, showing steady growth.
- Justin Sun announces a $SUN token airdrop for TRX holders, open for 48 hours.
- TRON price sees minor gains, with MACD bearish and RSI at neutral, around 51.67.
TRON’s daily active accounts have surged to an average of 2.62 million over the past month, according to TRONSCAN data. TRON founder Justin Sun has also announced an airdrop for TRX holders.
This represents a 0.56% increase in daily active accounts in August 2024 compared to July 2024, suggesting continued growth in user engagement on the platform. From late 2023, the number of daily active accounts stayed stable, ranging between 1.5 to 2 million.
However, the beginning of 2024 brought a noticeable increase in user activity, leading to over 3 million active accounts in March and April. After this peak, the number of daily active accounts remained higher, staying above 2 million as of September 2024.
Justin Sun Announces Airdrop for TRX Holders
Following TRONSCAN’s update, TRON founder Justin Sun announced an upcoming airdrop for TRX holders on his X account.
According to Sun, the SUN token will be distributed to valid TRX holders through an allocation checker that is now live. However, the allocation window is open for only 48 hours, so users need to act quickly to benefit from the airdrop.
TRON Price Sees Minor Movements Amid Trading Activity
At the time of writing, the price of TRON (TRX) was $0.152064, with a trading volume of $248,194,685 over the last 24 hours.
Read also: TRON’s Transaction Fees to be Cut in Half, Boosting Meme Coin Activity
Additionally, TRX saw a peak of around $0.1528 within the last 24 hours before experiencing a downward trend that led to a low of approximately $0.1518. Around 8:00 AM today, the price began to recover, moving back up to around $0.1520.
The technical analysis of TRON’s price movement on Binance shows a period of low volatility, with price action staying between $0.148 and $0.154. The MACD and RSI technical indicators give mixed signals about TRX’s immediate future. The MACD hints at a potential bearish trend as the MACD line (blue) has crossed below the signal line (orange).
The RSI is currently hovering around the neutral level of 51.67, indicating neither overbought nor oversold conditions.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
