TRX Maintains Top 10 Position Despite 2.17% Price Drop Following SEC ETF News

TRON (TRX) is currently trading at $0.2711 on Binance, reflecting a 2.17% decline over the past 24 hours, with a 24-hour trading volume approaching $965 million and a market capitalization of approximately $25.5 billion, maintaining its position as a top 10 cryptocurrency. The recent price decrease is primarily attributed to profit-taking and market consolidation following the U.S. SEC's acknowledgment of Canary Funds' staked TRX ETF application, which initially generated positive sentiment; however, the market has since experienced mixed reactions as traders assess the long-term impact of regulatory developments and strong on-chain growth, including TRON's stablecoin supply surpassing 76 billion USDT and a notable increase in total value locked.