TRX Gains 26% in 3 Months Despite Growing Market Concerns Over Tron and Justin Sun

Highlights:

• TRX gains 26% in three months amid growing negative sentiment revolving around the token’s network.
• Santiment reported that despite the token’s price spike, traders have continued to doubt the asset. 
• Santiment linked Tron’s uncertainties to Justin Sun and TRX’s close link with USDT transactions. 

Analytical intelligence platform Santiment has reported that factors beyond many traders’ understanding may be responsible for Tron’s (TRX) recent price spikes. In a Monday post on X, Santiment pointed out that TRX gained 26% in the past three months. In addition, the asset exceeded $0.35 for the first time since September 2025. The on-chain analytical firm stated that despite Tron’s remarkable price surge, many traders have continued to doubt the asset. 

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Santiment added that Tron has remained one of the most controversial large-cap assets over the past few years, and this has been reflected in how people talk about the network. Moreover, traders seem more focused on other crypto projects such as  Artificial Intelligence (AI) tokens, meme coins, and newer Decentralized Finance (DeFi) projects. The on-chain analytical firm added that the fear, uncertainty, and doubt (FUD) may be creating conditions that have allowed TRX to continue to surge. 

📊 Tron has surged +26% over the past 3 months, and crowd FUD has likely contributed to it. The asset has remained one of the more controversial large-cap assets over the years, and it has been reflected in very mixed discussions about it… even as its market value has rebounded… pic.twitter.com/JYEI8AYJP6

— Santiment Intelligence (@SantimentData) May 12, 2026

Santiment Highlights Reasons for the Negative Sentiment Revolving Around Tron

Per Santiment, Tron founder Justin Sun has contributed largely to the criticisms faced by the Tron network. Over the years, he has been accused of unethical practices, including market manipulation, aggressive marketing, and legal issues, and has faced regulatory scrutiny. “Whatever your personal take is, understand that many retail traders still distrust the project because they associate Tron with hype-driven behavior from past market cycles,” Santiment added. 

On May 4, Donald Trump’s family-backed crypto project, World Liberty Financial (WLFI), revealed that it will be taking legal actions against the Tron founder over defamation claims. In response, Sun described the defamation lawsuit as nothing more than a baseless PR stunt. “As an investor, I have a clear conscience and look forward to prevailing in court,” he added.

World Liberty今天在X上宣布的所谓诽谤诉讼，不过是一场毫无依据的公关作秀。我作为投资人问心无愧，并期待在法庭上获胜。

— H.E. Justin Sun 👨‍🚀 🌞 (@justinsuntron) May 4, 2026

Another major reason behind Tron’s growing criticism is its close link with USDT activity. For context, the Tron network handles a significant portion of global Tether transfers because of its cost-effective and very fast transactions. However, critics have argued that this has made Tron popular for suspicious transactions and illegal fund movement.

TRX Drops Slightly in the Past 24-Hours and Gains 26% in 3 Months

At the time of writing, TRX is down 0.2% in the past 24 hours, and changing hands at approximately $0.35 with a market cap of roughly $33.1 billion and a trading volume of $463.7 million. Despite its short-term decline, other longer-term price-change variables, including TRX’s week-to-date, month-to-date, and year-to-date metrics, showed increases of about 2.9%, 9%, and 32.3%, respectively. However, TRX is still 19% below its all-time high (ATH) of about $0.43, attained in December 2024. 

Other relevant metrics showed that Tron has a medium volatility of 2.93%. Fear & Greed Index remains neutral at 48, while sentiment is bullish. In addition, TRX has outperformed 89% of the top 100 cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). The asset is also trading above its 200-day Simple Moving Average (SMA) with 20 profitable days in the past month.   

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