TRX just led the weekly decline among top 15 coins, dropping around 10% in market cap over the past 3 days. This looks like a normal pullback after it nearly hit $0.38, a two year high. These kinds of sharp retracements often happen once price reaches major resistance levels. Onchain activity remains solid though. Active addresses are up 17% over the past month, with roughly 6 million daily active users and over 12 million transactions per day. The selloff doesn’t seem driven by weakening fundamentals. The main weakness right now is in the memecoin sector. New token launches on SunPump have dropped significantly, down 58% from last month.