In the grand theater of blockchain absurdity, where every act is a mix of genius and folly, Justin Sun has once again taken center stage. On August 29, our beloved crypto impresario threw his support behind Tron Improvement Proposal #789-a proposal so audacious it could either revolutionize the network or leave investors clutching their pearls. The plan? A jaw-dropping 60% reduction in network fees. Yes, you read that right. Sixty. Percent.
The energy unit price will plummet from 210 sun to a mere 100 sun, justified by the fact that TRX’s price has doubled since 2024-effectively making on-chain activity more expensive in real dollar terms. Ah, the irony! As if the blockchain gods themselves whispered, “Let’s make it cheaper to transact while simultaneously testing the patience of token holders.” 🙄
“On August 26, 2025, the Tron Super Representative community proposed to reduce Tron network fees by 60%. This is the largest fee reduction since the founding of the Tron network. The proposal has already passed and will take effect at 20:00 (GMT+8) this Friday!”
Here’s my view on…
– H.E. Justin Sun 👨🚀 (Astronaut Version) (@justinsuntron) August 29, 2025
And so, the die is cast. The proposal sailed through the voting process like a ship with no rudder, taking effect on Friday, August 29. Sun, ever the optimist, assures us that while short-term profitability may suffer, adoption will skyrocket, and all shall be well in the land of Tron. Quarterly reviews of network fees are promised, as if to say, “Don’t worry, we’ve got this under control.” Spoiler alert: They don’t. 😅
Will Tron Price Survive the Storm? ⛈️📉
As traders sharpen their knives, the market braces for impact. TRX price is expected to dip faster than morale at a tax audit. At press time, the Tron network boasts $82 billion in total USDT supply, with $24 billion in USDT transactions accounting for 20% of USDT’s total 24-hour trading volume of $136 billion. Impressive numbers, but can they withstand the fee cut tsunami?
Tron Network USDT Stablecoin transfer metrics as of August 29, 2025 | Source: Tronscan.org
Fee cuts, like free beer, are great for attracting crowds. But what happens when the party ends? With reduced income for token holders, TRX faces the grim prospect of unstaking and a supply surge that could rival a Soviet breadline. 🍞
Tron Price Action as of Aug 29, 2025 | Source: Coinmarketcap
CoinMarketCap data shows TRX price dipping 4% intraday, with trading volume approaching $1.2 billion. When price drops meet surging trading activity, it’s a clear sign of panic selling. Or, as I like to call it, “the Justin Sun Special.” 🎢
Tron (TRX) 7-day Liquidation Map Data as of August 29, 2025 | Source: Coinglass
Hours after Sun’s announcement, SHORT positions against TRX surged to $64 million, dwarfing the $15.9 million in active long positions. Short positions now exceed longs by 302%, signaling a bearish sentiment thicker than a Siberian winter. ❄️🐻
A Prolonged Siege Between $0.33 and $0.36? 🤔
TRX price dipped 4% intraday to hit $0.33, with traders bracing for volatility. The $0.36 level is a battleground, defended by $19 million in short positions. Until bulls muster the strength to break through, expect TRX to wobble like a drunkard at a wedding. 🕺
Tron (TRX) Technical Analysis | TRXUSD 24-Hour Price Chart
Technical indicators paint a bleak picture. A death cross emerged on August 27, with the 5-day SMA diving below the 8-day and 13-day averages. The RSI retreated to 58.95%, signaling weakening momentum. In short, TRX is stuck in a box, much like a cat trapped in a cardboard fortress. 🐱📦
Maxi Doge: The Rebellion Against Rationality 🐶🚀
Amidst the chaos, some traders have turned to Maxi Doge (MAXIDOGE), a speculative token offering 1000x leverage and no stop-loss. Currently priced at $0.000253, its presale has raised $1.6 million of a $1.9 million goal. For those who believe in miracles-or just enjoy gambling-it’s an enticing proposition. Visit the official site and join the madness. After all, why not? 🎰
Maxi Doge Presale
And so, dear reader, as Tron navigates these uncharted waters, one thing is certain: the blockchain world remains as unpredictable as ever. Whether TRX sinks or swims, the show must go on. 🎭
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2025-08-29 23:32