Justin Sun, the CEO of TRON, took to X to announce the launch after hinting at an integration over the past week. With the Tron native token going live on the Solana blockchain, network users can carry out more cost-effective transactions within the Solana ecosystem. Following the launch of Tron (TRX) on the Solana blockchain network, market participants’ anticipation for a TRX price rally is heightened. TRX quickly moved from the $0.20 to $0.21 support level to trade at $0.23 after the announcement. Although the MACD remains below the signal line, indicating a continuous bear trend, the RSI is moving closer to 50. Sentiments could lean even more bullish if TRX successfully tests resistance at $0.25 before testing previous consolidation levels at $0.28 and $0.30. While the broader altcoin market has sustained major losses over the past month, Tron (TRX) remained in the green zone. Tron (TRX), currently the 10th most valuable cryptocurrency by market cap, is trading at a press time price of $0.23. At the time of this report, daily and weekly gains total at 1.25% and 6.98%, respectively. Tron (TRX) is the second-highest gainer this week, right behind Binance Coin (BNB). Solana’s minimal fee changes and high-speed transaction volume make TRX well-positioned for new users to access the token. As Solana users begin to transact TRX, an increase in adoption could be recorded in the coming months. Notably, in March 2025, data from CoinLedger revealed that daily users and monthly new addresses totaled 3.25 million and 56.31 million, respectively, while 36 million were recorded in daily transactions.
