Tron (TRX) Price Held Steady on Saturday, Sep. 21 as Most SunPump Tokens Retreated

Tron (TRX) rose to $0.1520, a few points above this week's low of $0.1467, and 11% below its highest point this year.

Tron (TRX) price remained largely unchanged on Saturday, September 21 as most SunPump meme coins retreated. Tron price was up marginally at $0.1520, a few points above this week’s lows of $0.1467 and 11% below its highest point this year.

SunPump tokens crashed as CoinGecko data showed that most of these meme coins retreated in the past few days.

Collectively, the total market cap of all meme coins in Tron’s ecosystem dropped from over $560 million to $514 million.

This performance affected Tron’s DEX volume, which dropped by 10% in the last seven days to $453.6 million.

Meanwhile, other chains like Solana (SOL), Binance Chain, and Sui saw their DEX volumes increase by 11%, 22%, and 70%, respectively, in the same period.

On the positive side, the number of transactions in Tron increased, with Nansen data showing that transactions rose to over 8.2 million on Saturday.

This marks the highest transactions since August 27 and significantly higher than this month’s lows of 6.14 million.

Moreover, Tron is among the most profitable networks in the crypto industry. According to TokenTerminal, Tron’s network fees this year stand at over $1.2 billion, second only to Ethereum’s (ETH) $1.86 billion.

Notably, SunPump tokens have generated over $44.8 million in fees since their inception.

On the other hand, Tron’s staking yield bounced back to 4.97%, improving from last month’s lows of 4.35%.

This rebound occurred as the volume of Tron burn and gas fees increased during the month.

Tron technicals remained largely positive with the coin forming a double-bottom pattern at $0.1466 in August and September.

This bottom was a few points above the key support at $0.1455, which marks its highest swing in February this year.

Tron also remained above the 50-day moving average while the Relative Strength Index rose above 50, indicating that Tron could continue rising as bulls eyed the year-to-date high of $0.1690.