- The Tron Network saw growth as platforms like SunPump continued to grow.
- Despite Tron’s growth, TRX has struggled to maintain its uptrend, down 21% in 30 days.
Over the past year, the Tron [TRX] network has undergone significant growth and development.
Of these developments, SunPump is one of the most important memecoin projects of the past year.
The growth of SunPump within Tron and its significance
According to CryptoQuant According to analysis, SunPump in the Tron network has become the very first platform within the blockchain that focuses exclusively on the fair launching and trading of memecoins.
Source: CryptoQuant
Although the project is still in its early stages, the Total Value Locked (TVL) is almost $2 million.
In context, SunPump provides creators with an easily accessible, low-cost platform to launch their memecoins in safe and user-friendly environments.
The platform stands out for its fairness and transparency and promotes a more autonomous and powerful trading experience.
Source: CryptoQuant
In addition to SunPump itself, several tokens have been integrated into the platform, including HTXunion, Sundoge, Tron Bull, SunCat and InvestZone.
These projects dominate the number of active addresses within the platform, creating a vibrant and engaged community.
Projects like SunDog, with a market cap of $77.21 million, show how growth on the TRON network can quickly accelerate.
What does it mean for TRX?
While the Tron Network has seen exceptional growth with platforms like SunPump, its native token TRX has not been able to keep pace.
TRX has struggled to post sustained gains on the charts, with bearish sentiment dominating the market.
The altcoin has continued to slide down the charts. According to AMBCrypto’s analysis, Tron is experiencing strong downward pressure as bearish sentiments dominate.
Source: Tradingview
We can see this downward momentum in the declining Relative Vigor Index (RVGI). This has dropped to -0.36 after making a bearish crossover ten days ago.
This is further corroborated by the fact that DMI’s +DI has continued to fall, while ADX has risen.
Source: IntoTheBlock
Looking further, Tron currently lacks support from whales. As such, large farmer activity has fallen over the past month, by 57.31%. When whale activity decreases, it reflects their lack of market confidence.
Source: Santiment
This bearishness among whales is not isolated, as the entire market is experiencing negative sentiment.
As such, Tron’s weighted sentiment has remained negative over the past week. This implies that all market participants are bearish and expect prices to fall.
Read Tron’s [TRX] Price forecast 2025–2026
In conclusion, the Tron network has made remarkable progress through platforms like SunPump. However, the native token TRX has not been able to keep pace and continues to decline amid strong bearish sentiments.
If these sentiments persist, TRX could fall to $0.20. However, if this trend ends and a reversal occurs, TRX will need to reclaim $0.25 to see continued gains.
