Whale alert! Several factors can draw the attention of crypto users, but nothing gets that more attention than the cases when some considerable amount of crypto gets transferred between addresses. This time around the big fish has gone for Tron (TRX).
The whale buys 30,000,000 TRX first and then 50,000,000 more
Yesterday, some crypto-watch pointed out that a big fish purchased a significant amount of Tron’s TRX. According to reports, 30,000,000 TRX (equaling about 719,554 USD) were transferred from Binance to an unknown wallet.
30,000,000 #TRX (719,554 USD) transferred from #Binance to Unknown wallet
— Whale Alert (@whale_alert) March 24, 2019
It remains in the dark as to who owns that Binance wallet as well as the address to which the TRX was transferred. What is most interesting is the timing at which the event occurred. At the moment it will be difficult to deny the fact that Tron is keeping a pace upwards with the cryptocurrency managing to see the price rise to around $0.025 mark.
50,000,000 #TRX (1,199,257 USD) transferred from #Binance to Unknown wallet
— Whale Alert (@whale_alert) March 24, 2019
Tron ecosystem FOMO – But What Might Have Attracted the Whale?
So, it all pretty much points to the fact that Tron ecosystem FOMO might be ahead. If you’re a crypto enthusiast, then you must be aware that the Tron foundation has been a foot ahead with various significant developments each passing day. Therefore, the recent Tron eye-catching events might have been the reason behind the whale taking the significant step.
The Promising Rank
First, Tron being ranked among the top 10 most valued cryptocurrencies without a doubt has to be an investor’s consideration. It means that it’s relatively not an unknown cryptocurrency, and its volumes steadily are on the rise hence making it easier for investors to pick.
Tron Partnerships
Is there any crypto that beats Tron in making partnerships in such a short space of time? Maybe there’s none, yet. Cryptocurrencies grow through the number of significant partnerships they develop with various companies.
For Tron, the numbers are ticking and growing as every day passes. We all saw it unfold as they launched the main net and now adding a plethora of partnerships chronologically. It’s getting more rooted in the entertainment industry with different alliances. For instance, the Sun-led blockchain has partnered with Bitmain and Game.com.
Furthermore, it has stretched into the sports industry by partnering with vSports. Speaking for the prime use cases, the Tron Foundation is creating a platform for content developers where they easily share the content. Other partnerships that the coin has made include Shiftmarkets partnership, OTCBTC partnership, BitForex partnership, and D2F partnerships.
The Listing on Various Exchanges
Evidently, Tron is differentiating itself from the rest as well as setting a milestone almost every week. We see the coin getting listed in a particular exchange each day nearly every day for some time now. In fact, up to now, it has been listed on more than 70 exchanges which imply that the coin is well received and probably the next big thing.
Moreover, Tron Foundation is looking to implement some other major developments to their Tron Network in the next quarter. BitTorrent speed is one of them whereby BitTorrent Token (BTT) will be implemented. Also, there’s the institutional-friendly multi-signature and account management for attracting giant investors.
Furthermore, the new privacy feature that will be implemented for transactions might have been a significant attraction point for the whale as well. That certainly can be a good Tron ecosystem FOMO reason ahead.
Nevertheless, much has happened with Tron and for now, it seems the positive news within the platform will continue to surge even if the price doesn’t for some time. So, the whale probably has followed all the developments closely, and the pointer head is in one direction-upwards. Whether Tron is the next big thing or not only the time will tell, though. We can just see solid fundamentals.
Image courtesy of Pixabay.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
