Justin Sun’s team transferred a significant amount of TRX, approximately 173.821 million, to Binance, valued at around $21.37 million. This transfer also included 120.149 billion BitTorrent (BTT) and 20.293 billion WINkLink (WIN), worth $105,000 and $1.79 million, respectively. This substantial transfer has raised concerns about a potential decline in the price of TRX.

Prior to this transfer, TRX had demonstrated resilience, defying broader market trends and reaching a five-week high of $0.125. However, following the transfer, TRX experienced a notable decline, distancing itself from the crucial resistance level of $0.124. Despite this, TRX's market capitalization remains at $10.73 billion, reflecting an 11% increase in June.

The recent transfer has sparked concerns about a potential price dip. However, it's worth noting that TRX has shown a strong recovery this week, defying broader market trends. TRX's active addresses have also been steadily increasing since the start of the year, reaching a daily average of 2.5 million, surpassing other leading Layer 1 networks. This growth in active addresses indicates a growing adoption and usage of the TronDAO network.

Despite the concerns, TRX's price remains resilient, and the recent transfer may not necessarily lead to a price dip. TRX's price has been supported by an ascending trendline since mid-November 2023, and daily chart analysis suggests a potential rebound. If TRX manages to break through the resistance level of $0.124, it could potentially reach $0.143, representing a 12% increase.

The recent transfer by Justin Sun's team has sparked concerns, but TRX's fundamentals remain strong. The growing adoption and usage of the TronDAO network, as indicated by the increasing active addresses, suggest a positive outlook. While the transfer may have triggered a minor decline, TRX's price remains resilient, and a rebound is possible.

In conclusion, the transfer of 173 million TRX to Binance by Justin Sun's team has raised concerns about a potential price dip. However, TRX's fundamentals remain strong, and the price remains resilient. The growing adoption and usage of the TronDAO network, as indicated by the increasing active addresses, suggest a positive outlook for TRX.