TRX Surges 2.23% as Binance Alpha Competition, Tether Milestone, and Rebranding Fuel Momentum

TRXUSDT has experienced a 2.23% price increase over the past 24 hours, rising from 0.3178 to 0.3249. This upward movement is primarily attributed to several positive developments: the announcement of a TRON trading competition on Binance Alpha with a $4 million prize pool, a surge in USDT transfers to Binance via the TRON network, and strong market sentiment following TRON’s recent corporate rebranding and record quarterly revenue. Additional bullish factors include Tether’s milestone of reaching a $160 billion market cap with significant supply on the TRON network and technical analysis indicating a potential breakout. Currently, TRXUSDT is trading at 0.3249 with a 24-hour trading volume of approximately $2.35 billion, maintaining its position as the 9th largest cryptocurrency by market capitalization and showing sustained positive momentum.