TRON’s Daily Active Accounts Surge 0.56%, Justin Sun Announces TRX Airdrop

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.

Source: TRONSCAN

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

Source: CoinMarketCap

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).

Source: TradingView

The RSI is currently hovering around the neutral level of 51.67, indicating neither overbought nor oversold conditions.