Despite price corrections in the broader cryptocurrency market, TRON (TRX) has been trading in an upward range. According to CoinGecko data, TRX’s price rose 0.6% over the past 24 hours. It has gained 1.9% over the past week, 5.5% over the past 14 days, and 9.1% over the past month. Let’s explore why TRON (TRX) is rising despite a new wave of downturns in the crypto market.
Why did TRON rebound during the market crash?
The price increase of TRON (TRX) may be due to Tron Corp. purchasing 140,382 TRX tokens on May 18, 2026. The company’s TRX inventory has now increased to 696.5 million tokens. This large-scale purchase may have contributed to the asset’s price rise.
Additionally, according to Bloomberg ETF expert James Seyffart, Canary Funds has filed an application for a staked TRON ETF. This move may have boosted investor confidence. ETFs have become an important part of the cryptocurrency landscape, and we are likely to see more cryptocurrency-based ETFs launched in the future.
Will the upward momentum of this asset continue?
Although TRX's price surge during the market downturn is commendable, it remains unclear whether this upward momentum can be sustained. Following higher-than-expected inflation data, the entire cryptocurrency market faced significant selling pressure. Additionally, oil prices have risen and U.S. Treasury yields have increased, both of which have reduced investor expectations for interest rate cuts. Instead, many anticipate that the Federal Open Market Committee (FOMC) will raise rates following its next meeting.
Given the overall market weakness, TRON (TRX) is likely to be affected by the current market trend. With Bitcoin (BTC) falling to $76,000, the likelihood of TRX continuing to rise is minimal.