$TRX Hello investors, good morning! I bring you this news. While the general market is in red, there are those who are seeing opportunities where others see fear.
What happened?
The company Tron Inc. has just purchased another 175,507 tokens of TRX at an average price of $0.28. With this, they already have over 679 million tokens in their reserve, valued at about $540 million.
Why is it important?
- Resilience: While Bitcoin (BTC) has fallen nearly 19% this year, TRX has remained much steadier, dropping only 1.3%.
- Long-term vision: They are following the model of large companies like MicroStrategy, using their own currency as a store of value.
- Support from Justin Sun: Their founder backed this purchase with a go ahead, which gives confidence to those looking for assets that withstand storms better.
🖇️ This move by Tron Inc. acts as institutional support. When a Nasdaq company buys during downturns (the famous dip), it sends a signal that they consider $0.28 to be a long-term value price.
For us, this influences in the following way:
1. Psychological floor: These constant purchases help the price not to plummet as quickly as other tokens, creating a more solid base for those looking to enter with less risk of extreme volatility.
2. Confidence in the rebound: If the general market stabilizes, TRX could react faster as it has less accumulated selling pressure than Bitcoin.
Seeing the big players buy gives us guidance, but always with caution. The key is not to chase the price, but to observe whether these levels of $0.28 hold firm before making a decision. Protecting our peace is always the priority.
Do you think this institutional backing is enough to consider TRX as a safe haven, or do you prefer to wait and see what the rest of the market does?