#GateSquareMayTradingShare TRON (TRX) Price Touches 8-Month High, but On-Chain Data Shows Warning Signs
TRON (TRX) rises more than 7% in May 2026, even reaching an 8-month high over the weekend. This price increase is not the only one happening.
Other altcoins, such as Zcash (ZEC), Ondo (ONDO), and Toncoin (TON), have also experienced rallies this month. However, one key on-chain signal is raising concerns about the sustainability of the TRX rally.
TRX Breaks US$0.35 as Tron Boosts Treasury
Based on market data, TRX briefly surged to US$0.353 on May 9, marking the highest level since mid-Sept