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Tron hits $121.2B in monthly transfers as TRX overtakes Cardano

  • 490.3 billion TRX moved, up 34% from April.
  • Yearly volume surged nearly 10x from May 2024.
  • Dominates stablecoin flows across multiple regions.

The Tron blockchain has hit a new peak in transaction activity, with its native token TRX recording an all-time high monthly transfer volume of 490.3 billion tokens in May 2025.

This translates to approximately $121.2 billion at the current market price of $0.247 per token, marking a 34% jump from April and a 990% surge compared to the same month last year.

The explosive rise in volume highlights Tron’s increasing role in global payments, especially in stablecoin transactions.

Beyond raw transaction figures, Tron has now overtaken Cardano to become the world’s ninth-largest cryptocurrency by market capitalisation.

At the time of writing, TRX holds a market cap of $25.6 billion, surpassing Cardano’s $24.1 billion.

The network’s expanding dominance has drawn renewed attention to TRX’s role in stablecoin flows, outpacing Ethereum and other Layer 1 and Layer 2 chains in Tether usage across various global regions.

Tron leads global stablecoin flows, surpassing Ethereum

A growing portion of the transfer volume is tied to Tron’s strength in stablecoin settlement, particularly in Tether (USDT).

Recent industry reports show that Tron has consistently outperformed Ethereum as the preferred network for Tether transfers since mid-2022.

This trend has continued into 2025, with Tron now dominating stablecoin transaction volumes across multiple continents, including Latin America, Africa, Asia, North America, and Europe.

According to data published by Artemis, Tron remains the most commonly used blockchain for settling customer flows by value. It is followed by Ethereum, Polygon, and Binance Smart Chain.

Tron’s low transaction fees and consistent throughput have positioned it as the blockchain of choice for large-scale stablecoin movement, especially in emerging markets where cost efficiency is crucial.

May transfer volume up 34% from April, nearly 10x YoY

In April 2025, total TRX transfers stood at 362.92 billion, meaning May’s figure represents a 34% month-on-month jump.

The yearly change is even more striking, with volume rising from just 45 billion TRX in May 2024 to 490.3 billion this year—a near tenfold increase.

This growth has been facilitated by rising user adoption and increased integration with major decentralised applications and payment systems.

The network’s architecture continues to support consistent throughput for micropayments and remittance services, particularly those requiring stablecoin functionality.

Analysts eye breakout as price holds near $0.26

TRX has not only gained in transaction metrics but also in market performance. Recent data shows that the token’s price has risen 8.8% over the past month. However, in the past 24 hours, TRX is down 0.26% and is currently trading at $0.26.

Tron price
Source: CoinMarketCap

Technical analysts monitoring the market have identified a monthly ascending triangle pattern on the charts, a formation that historically signals potential breakouts.

Based on current levels, TRX would need to rise by approximately 270.3% to reach the $1 mark.

While this scenario is not guaranteed, growing network activity and rising adoption support the possibility of continued upward movement in the near to medium term.

The post Tron hits $121.2B in monthly transfers as TRX overtakes Cardano appeared first on CoinJournal.

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Bitcoin drops below $104K as ETF outflows trigger decline fears

  • Bitcoin falls below $104K amid heavy ETF outflows.
  • Key resistance at $106K–$107K amid rebound attempts.
  • Whale selling is on the rise as retail buys surge.

Bitcoin (BTC) has started June on the back foot, dipping below $104,000 to a low of $103,833.57 on June 2 as investors react to a fresh wave of ETF outflows and technical uncertainty.

Despite closing May with its highest monthly close ever near $105,700, the market mood has quickly shifted, driven by signs of distribution from whales and institutional sellers.

Bitcoin ETF outflows outweigh inflows

The six-week streak of inflows into US spot Bitcoin ETFs came to an abrupt end on May 30, when funds collectively recorded a staggering $616.22 million in outflows according to Coinglass data.

Bitcoin ETF outflows

This reversal marks a sharp deviation from previous weeks, where ETF flows had reinforced the bullish narrative and contributed to Bitcoin’s 11% monthly gain.

BlackRock’s IBIT, the largest fund in the cohort, leads the exit with $430.82 million in withdrawals, even though it still maintains over $69 billion in assets under management.

Fidelity’s FBTC and ARK 21Shares’ ARKB follow suit with $113.71 million and $120.14 million in outflows, respectively, underscoring the broad-based nature of the sell-off.

Although the total cumulative inflows across all ETFs remain positive at $44.37 billion, the sudden withdrawal suggests that investors are now acting cautiously amid growing macroeconomic and technical risks.

Bitcoin price pullback

On the price charts, Bitcoin’s recent pullback from $109,000 to $103,833 has brought it below the 0.786 Fibonacci retracement of the rally to its all-time high of $112,000.

That dip reflected heavy profit-taking into the end of May, exacerbated by the rising influence of bearish technical patterns such as the death cross on the 4-hour chart.

During Monday’s European session, BTC briefly rebounded to $105,500 but quickly stalled near $105,800 — a zone that combines the 0.618 Fibonacci level with the 100 EMA, forming a critical confluence of resistance.

While the 20 EMA has been reclaimed, the price continues to struggle beneath the 50 EMA at $106,000, reinforcing the view that bulls face an uphill task in regaining upward momentum.

If Bitcoin fails to break through the resistance between $106,000 and $107,000, the downside pressure could intensify, possibly dragging the asset back to the recent low near $103,200.

Adding to the volatility is James Wynn, the controversial high-leverage trader who once again opened a $100 million BTC long at 40X leverage on Hyperliquid, with a liquidation price precariously close at $101,999.

Wynn’s repeated attempts to go long on BTC have not only ended in substantial floating losses but have also fueled wider speculation-driven activity on the Hyperliquid platform.

After another failed attempt by the market to liquidate him, Wynn has announced that he has decided to give perp trading a break, further amplifying concerns of exaggerated leverage in the market.

On-chain metrics are sending diverging signals

Meanwhile, on-chain metrics show a divergence in behaviour between whales and retail traders, with large holders reducing exposure steadily since BTC crossed $81,000.

Retail participants, by contrast, are showing signs of buying the top, a dynamic that historically aligns with periods of short-term market corrections.

Santiment flagged increased whale activity around the May 22 peak, noting that similar past patterns typically signal local tops rather than sustainable breakouts.

Even though Bitcoin remains up 11% over the past month, relative strength index (RSI) signals have turned bearish, flashing clear divergence as price attempts to recover above key resistance zones.

At the same time, broader macro conditions continue to cast a shadow, with traders watching closely for signals from the Federal Reserve amid slowing job growth and cooling inflation.

The falling US Dollar Index could provide a short-term tailwind for Bitcoin, but analysts remain divided on whether current levels represent a springboard for a fresh rally or a prelude to further losses.

Data from Glassnode’s MVRV ratio shows BTC is trading between critical bands that historically precede local tops, with the +1σ level near $119,400 acting as a psychological ceiling for many profit-takers.

While some traders anticipate a bounce from the $100K support to as high as $113K, the risk of a deeper correction continues to dominate sentiment across both spot and derivative markets.

As June unfolds, all eyes will remain fixed on ETF flows, macro indicators, and whether Bitcoin can decisively reclaim the $106,000–$107,000 band to avoid slipping further into bearish territory.

The post Bitcoin drops below $104K as ETF outflows trigger decline fears appeared first on CoinJournal.

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Best crypto to buy as analysts think FTX repayments could act as a tailwind for the broader market

  • In search of speculative momentum, traders are increasingly drawn to early-stage tokens like Bitcoin Pepe.
  • The upcoming $5 billion payout from the FTX Recovery Trust could be a shot in the arm not just for major cryptocurrencies but also for speculative plays like Bitcoin Pepe.
  • So far, the project has raised more than $12.7 million, with its token, BPEP, currently priced at $0.0396.

Bitcoin (BTC) and Ethereum (ETH) dropped 2.5% and 5%, respectively, on Saturday after US President Donald Trump accused China of breaching its trade deal with the United States, reigniting concerns over escalating trade disputes.

The market was initially steady following the release of the latest US Personal Consumption Expenditures (PCE) data, which met expectations.

However, sentiment soured after Trump took to Truth Social, asserting that China had backed out of commitments made in a prior agreement.

This latest development adds another layer of uncertainty to markets already rattled by tariff-related tensions that began surfacing in February, particularly involving Canada and Mexico.

As Bitcoin faces another bout of volatility, retail traders appear to be shifting focus toward riskier, high-reward assets such as Bitcoin Pepe, which is now in the final stage of its presale.

In search of speculative momentum, traders are increasingly drawn to early-stage tokens like Bitcoin Pepe.

These assets offer the prospect of significant returns due to a combination of low initial pricing, strong viral marketing, and the potential for sharp gains once exchange listings commence.

Can FTX repayments help the crypto market?

The FTX Recovery Trust is set to distribute more than $5 billion in cash and stablecoins to creditors starting Friday, with recipients expected to receive funds within the next three business days via BitGo and Kraken.

This marks the second major tranche of repayments since the collapse of the crypto exchange.

The first round, launched on February 18, returned approximately $7 billion to creditors with smaller claims, primarily those under $50,000.

That earlier wave had limited market impact, as it coincided with a broader risk-off environment and ongoing macroeconomic headwinds.

This time, however, conditions are different. Analysts at Coinbase noted in a report on Friday that crypto market sentiment has improved significantly, raising the possibility that the latest round of repayments could act as a tailwind.

The key difference lies in how the funds are being delivered: stablecoins rather than fiat or mixed assets.

That shift provides immediate on-chain liquidity, increasing the likelihood that some of the capital will be reinvested into crypto markets rather than withdrawn or parked in traditional accounts.

Coinbase analysts also pointed to a more favorable macro and regulatory backdrop.

With Bitcoin and other major digital assets staging a rebound and US lawmakers making tangible progress toward regulatory clarity, institutional players may feel more confident deploying new capital.

If reinvestment flows materialize, this could add fuel to an already recovering market, though the ultimate impact will hinge on how recipients choose to deploy their reclaimed assets.

Can Bitcoin Pepe also benefit?

The upcoming $5 billion payout from the FTX Recovery Trust could be a shot in the arm not just for major cryptocurrencies but also for speculative plays like Bitcoin Pepe.

With repayments being made in stablecoins, offering immediate on-chain liquidity, and crypto market sentiment on the upswing, traders flush with fresh capital may look to redeploy funds into high-risk, high-reward tokens.

That dynamic could work in favor of early-stage assets riding viral momentum.

Bitcoin Pepe, a meme-centric Layer 2 built on the Bitcoin network, is gaining momentum as it nears the close of its ongoing presale.

The project aims to blend the security of Bitcoin with Solana-like scalability—a technical advantage that sets it apart from typical meme tokens, which often lack functional infrastructure.

Its ecosystem ambitions are backed by a series of strategic partnerships, including Super Meme, Catamoto, and Plena Finance.

A collaboration with GETE Network is also in place to expand its footprint in cross-chain Web3 gaming.

The hybrid approach—pairing blockchain utility with viral meme appeal—has resonated with retail investors.

So far, the project has raised more than $12.7 million, with its token, BPEP, currently priced at $0.0396.

The presale ends on May 31, and a listing on centralized exchanges is expected shortly thereafter, which could act as a near-term catalyst for price action.

With sentiment across crypto markets turning more constructive and retail capital rotating into speculative plays, Bitcoin Pepe is positioning itself to ride both technical and cultural tailwinds.

The post Best crypto to buy as analysts think FTX repayments could act as a tailwind for the broader market appeared first on CoinJournal.

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Livepeer (LPT) price surges 150% as it defies market downturn

  • Livepeer price rose 150% to hit $14.15 on Friday, May 30, 2025.
  • LPT defied downtrend for top coins such as Bitcoin that dipped to $105k.
  • Other tokens such as Pocket Network, White Rock, and Numeraire also soared.

Livepeer is among the few altcoins to rip on Friday as the market witnessed another bout of sell-off trades that pushed Bitcoin to $105k.

The LPT token, native to the decentralized AI protocol Livepeer, spiked an impressive 150% to rank alongside the likes of Pocket Network, White Rock, and Numeraire as leading performers in the past 24 hours.

Why did Livepeer’s price skyrocket today?

Livepeer’s token had not crossed above $10 since dipping from above $15 in mid-May.

However, buoyed by a series of positive news, including the surge in Nvidia stock after positive earnings reports, it surged more than 150% to hit $14.15.

The level marked Livepeer’s highest price since January.

Part of the rally ensued and gathered pace as the LPT community exploded in optimism on an announcement from Upbit, South Korea’s largest crypto exchange.

Listings on the Upbit exchange often catapult trading volumes upon listing of trading pairs. Livepeer experienced just that.

Upbit added KRW and USDT pairs.

According to data from CoinMarketCap, the daily volume for Livepeer rose a staggering 10,900% to hit $2.9 billion.

On May 27, 2025, crypto asset manager Grayscale introduced the Artificial Intelligence Crypto Sector, noting tokens in the segment had seen massive growth since the third quarter of 2023.

20 tokens in the sector have seen their combined market cap jump to $20 billion, up from a low of $4.5 billion in Q1, 2023.

Livepeer is one of the tokens to see such growth in the past year.

Bulls gain, but what’s next for LPT price?

The surge saw LPT rank among the biggest movers on the day. As noted, these numbers largely defied the trend across the crypto market, with trader James Wynn experiencing a liquidation of around $100 million, as BTC dropped more than 2% to lows of $105k.

LPT price chart on CoinMarketCap

If bulls break above $15, bullish continuation could see the price target of $20.

The next major resistance level could be the June 2024 supply wall around $25.

However, traders might want to be cautious as potential profit taking and broader market weakness could shift sentiment first.

Crypto analysts at CryptoQuant have noted as much, saying continued liquidations in the altcoin market are likely to continue outpacing Bitcoin.

“Altcoin liquidations have consistently surpassed Bitcoin’s, suggesting that excessive leverage in altcoins has been aggressively punished as prices continued to trend lower,” CryptoQuant posted on X.

If LPT price flips lower, key support levels will be $9.5 and then $5.3.

The post Livepeer (LPT) price surges 150% as it defies market downturn appeared first on CoinJournal.

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Conor McGregor calls for Bitcoin strategy in Ireland

  • Strategy aims to reduce financial corruption and boost sovereignty.
  • Panama–El Salvador alliance pushes for regional Bitcoin leadership.
  • US bank report highlights CRE stress, renewing Bitcoin’s safe haven appeal.

As Ireland grapples with calls for deeper financial reform, a bold new proposal is emerging from one of the country’s most recognisable public figures.

UFC legend and 2025 presidential hopeful Conor McGregor has suggested creating a national Bitcoin strategic reserve to empower Irish people and help eliminate financial corruption.

His plan draws inspiration from El Salvador’s approach, where President Nayib Bukele made Bitcoin legal tender and significantly altered the country’s economic trajectory.

Now, McGregor wants Ireland to forge a similar path—using decentralised finance to strengthen national autonomy and reduce reliance on centralised banking systems.

McGregor’s strategy draws from El Salvador’s Bitcoin model

McGregor announced his presidential ambitions in March 2025, shortly before floating the idea of a Bitcoin-based reserve system for Ireland.

Posting on X, he praised President Bukele’s success in El Salvador, noting that Bitcoin adoption played a major role in reducing corruption and crime.

McGregor’s proposal goes beyond digital asset investment—it suggests positioning Bitcoin as a foundational pillar for national monetary policy, with the reserve acting as a hedge against inflation and traditional financial sector vulnerabilities.

The comparison to Bukele is intentional. Bukele’s government was the first in the world to declare Bitcoin legal tender, backed by a nationwide wallet rollout and state-managed reserves.

Though not without its critics, the initiative has attracted global attention.

McGregor believes this model could support a more transparent financial system in Ireland, one he says would put “the people’s money” back into public hands.

Reaction on social media and beyond

The idea sparked widespread debate online. While some praised McGregor’s forward-thinking stance, others criticised his phrasing, particularly his reference to “crypto” instead of Bitcoin specifically.

The distinction was not lost on Bitcoin maximalists, who argued that the proposal’s credibility rests on a focus on Bitcoin’s unique decentralised qualities, not broader digital assets.

Despite the terminology debate, interest in McGregor’s plan is growing, with his call to invite Bukele to Ireland gaining traction.

McGregor’s campaign team has not yet released a detailed policy document, but insiders say talks are underway to explore feasibility and integration with Ireland’s existing financial framework.

Analysts point out that any move towards incorporating Bitcoin into sovereign wealth strategies would require legislative backing, regulatory clarity, and public trust.

Global momentum builds as LATAM plans to step up Bitcoin adoption

Ireland isn’t the only nation contemplating a more significant role for Bitcoin.

At the Bitcoin Conference, held earlier this month, Panama City mayor Mayer Mizrachi advocated for a regional Bitcoin alliance between Panama and El Salvador.

The proposal underscores a broader shift in parts of Latin America towards Bitcoin-led economic reform, especially in countries historically impacted by currency instability or corruption.

Mizrachi called the proposed alliance a “push for global financial freedom,” further boosting Bitcoin’s geopolitical narrative.

This trend may increase pressure on developed nations like Ireland to reconsider their current stance on cryptocurrencies and blockchain integration in public finance.

The post Conor McGregor calls for Bitcoin strategy in Ireland appeared first on CoinJournal.