🔷 Crypto X-Ray #27: $TRX - $94B in stablecoins, but no share
A network for USDT transfers. Price ~$0.32, market cap ~$30B.
The network has $94.4B in stablecoins (97.85% USDT) and 3.85 million daily addresses. But $23.8M in fees over 30 days is burned, not paid to holders, while issuance continues.
During the hack of a major exchange, $628M was withdrawn via TRON (612.7M USDT and 46.4M TRX). This doesn’t prove the network is vulnerable. The TRXS ETF has been trading since September 9.
The network is strong, but the token offers only indirect exposure. Watch the balance between burns and issuance, and the TRXS flows. Prepared for −30% (~$0.22). Not for those expecting dividends.
Do you believe in TRX as infrastructure, or do you think stablecoins don’t need a token? 👇
#CryptoRay #TRX
A network for USDT transfers. Price ~$0.32, market cap ~$30B.
The network has $94.4B in stablecoins (97.85% USDT) and 3.85 million daily addresses. But $23.8M in fees over 30 days is burned, not paid to holders, while issuance continues.
During the hack of a major exchange, $628M was withdrawn via TRON (612.7M USDT and 46.4M TRX). This doesn’t prove the network is vulnerable. The TRXS ETF has been trading since September 9.
The network is strong, but the token offers only indirect exposure. Watch the balance between burns and issuance, and the TRXS flows. Prepared for −30% (~$0.22). Not for those expecting dividends.
Do you believe in TRX as infrastructure, or do you think stablecoins don’t need a token? 👇
#CryptoRay #TRX
