BroadChain learned that at 23:16 on April 23, according to CryptoNews, the supply of USDT on the TRON network reached a record $86.7 billion on April 21, 2026, a significant increase from approximately $85 billion in March. TRX is currently trading at $0.329, down 23.6% from its all-time high of $0.4313. CryptoQuant data shows that TRON accounts for over 46% of the total USDT market share, second only to Ethereum. MEXC analysts pointed out that a large amount of dollar-pegged liquidity is gathering on networks frequently used by traders.
TRON disclosed that it purchased 151,888 TRX at an average price of $0.3292, bringing its total holdings to over 692.5 million TRX, indicating that institutional-level buyers are still accumulating at current levels. Analysts believe that $0.35 is the next key resistance level, with support near $0.30. If it breaks through $0.35, it could open a path to $0.38-$0.40, with the all-time high of $0.4313 as a long-term target. Similar patterns of on-chain liquidity preceding price movements have been observed on Layer 1 networks like Solana, with a time lag of about 1-2 weeks.
However, due to TRX's large market cap, its upside potential is relatively limited, and market attention is shifting to early-stage projects. LiquidChain is attempting to capture early opportunities by creating a single liquidity layer connecting Bitcoin, Ethereum, and Solana. Its presale price is $0.01452, and it has raised approximately $694,000. However, such projects remain high-risk early-stage investments, with uncertainties in both technical implementation and listing liquidity.