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306 Mln TRX Moved by Poloniex While Tron Active Addresses See Massive Growth

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Thu, 08/27/2020 - 12:26
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Yuri Molchan
Whale Alert has reported that Poloniex exchange moved 306 mln TRX to anonymous crypto wallets, while data shows that Tron active addresses are increasing in number fast
306 Mln TRX Moved by Poloniex While Tron Active Addresses See Massive Growth
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Whale Alert has announced that, over the past twenty-four hours, several giant transactions of Tronix (TRX) have been made by the Poloniex exchange.

Meanwhile, major Tron community member Mike McCarthy has tweeted that Tron active addresses have been rising in number quite fast, and much quicker than active addresses on the rival Ethereum network.

Poloniex transfers 306 mln TRX to anon wallets

According to Whale Alert, over the past twenty hours, Poloniex exchange (with Tron CEO Justin Sun being one of its major investors) made three TRX transactions. Two carried 43 mln each, while the third one was worth 220 mln. The total value of the TRX wire is equal to $7,285,167.

Both transfers, which carried 43 mln TRX, were made to the same wallet located on PoloniDEX, the decentralized exchange set up by Poloniex based on the Tron blockchain.

The amount of 220 mln TRX was also sent to PoloniDEX.

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Tron active addresses surpass those of Ethereum

Mike McCarthy, an active Tron community member, has shared that, in 2020, the number of active addresses on the Tron network has been rising much faster than that on Ethereum.

TRX
Image via Twitter

However, recently the growth has not been so active. Data from tokenview.com shows that, since Aug. 25, the number of Tron active addresses has been declining, falling from 354,239 on Aug. 25 to 170,460 on Aug. 27.

Tron
Image via tokenview

Meanwhile, Glassnode has reported that the amount of Ethereum non-zero addresses keeps increasing. Today it has reached an all-time high, totaling 46,108,581.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.