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TRX records a record level of Tokens Transferred
According to data from CryptoQuant, on September 25, the TRX network witnessed the Tokens Transferred index (The number of tokens transferred) surge to 2,749,327.78 – the highest level ever. This figure is many times higher than the average of recent months, indicating an unusual wave of short term activity on the network.
Experts believe that spikes like these often stem from factors such as: large movements from whales, internal trading between exchanges, the deployment of new smart contracts, or liquidity shifts in DeFi protocols related to TRX.
This move could have a short term impact on price volatility as well as market sentiment for TRX, especially if accompanied by a sharp increase in trading volume and changes in supply on the exchange. Closely monitoring on-chain data and capital flows in and out of the exchange will be key factors in determining whether this is just a one-off event or a signal of a new trend forming.