Justin Sun, the founder of TRON, has made a surprising move by transferring a massive amount of TRX tokens to Binance, worth around $21 million. This sudden dump has raised concerns about the potential impact on the TRX price. Despite TRX's recent resilience against the broader market trends, the token has started to decline in value.

According to Arkham Intelligence data, Justin Sun's team transferred 173.8 million TRX tokens to Binance on Thursday, June 27. Additionally, they moved 120.1 billion BitTorrent (BTT) and 20.2 billion WINkLink (WIN) tokens. This substantial transfer has led to a notable decline in TRX's price. However, earlier in the week, TRX had shown a strong recovery, defying the broader market trends.

The TRX price had reached a five-week high of $0.125, but the recent dump has reversed the trend. Despite this, TRON's active addresses have been increasing steadily since the start of the year, according to IntoTheBlock. The daily average of active addresses is now approaching 2.5 million, surpassing other leading Layer 1 networks. This surge in active addresses indicates growing adoption and usage of the TRON network.

The TRX price is currently trading at $0.1230, down 1.04%. The token is testing a significant resistance level at $0.124, which has been challenging due to selling pressure. If TRX manages to rebound and break through this resistance, the next targets lie between $0.126 and $0.128. However, if the price dips, TRX has strong support around $0.121 and $0.120.

In conclusion, Justin Sun's TRON dump has raised concerns about the potential impact on TRX's price. While TRX has shown resilience in the past, the recent decline has sparked worries about a potential storm ahead. As the market continues to evolve, it remains to be seen how TRX will perform in the coming days. One thing is certain - the TRON network's growing adoption and usage indicate a promising future for the token.