TRX Sees 2.12% Dip Despite $80B Stablecoin Milestone and Major Binance Partnership

TRXUSDT has experienced a 2.12% price decline over the past 24 hours, with the current price at 0.3183 on Binance, opening at 0.3252. The recent price movement follows a period of heightened activity driven by several positive developments, including a strategic partnership between Binance Alpha and TRON, a 0.01% trading fee discount on TRON ecosystem tokens, and major trading competitions with significant rewards. Additional bullish factors included TRON’s stablecoin supply surpassing $80 billion, increased USDT transfers to centralized exchanges (with Binance handling 70% of the $2.9 billion volume), and the rebranding of SRM Entertainment to Tron Inc., which staked 365 million TRX. Despite these positive catalysts and a notable rise in open interest and net inflows, the latest 24-hour period saw a price pullback, likely reflecting short-term profit-taking or market volatility after recent gains.

Currently, TRXUSDT is trading at 0.3183 on Binance with a 24-hour volume of 816.91 million TRX (266.12 million USDT), a circulating supply of over 94.74 billion TRX, and a market capitalization estimated between $28.63 billion and $30.31 billion, indicating sustained high market interest and liquidity.