TRX Dips 2.45% Amid Binance Alpha TRON Competition, $1B+ Volume and Major Token Transfers

TRXUSDT experienced a 2.45% price decrease over the last 24 hours, with the current price at 0.3185 USDT and a 24-hour open of 0.3265 USDT. The recent price movement is primarily attributed to heightened trading activity surrounding the Binance Alpha TRON trading competition, which has driven significant trading volumes and market engagement. Additionally, a notable transfer of 100 million TRX from HTX to Binance and a surge in USDT transfers on the TRON network have contributed to increased volatility. Despite the short-term pullback, the market remains active, with trading volumes exceeding $1 billion and TRON maintaining a strong position in the stablecoin sector, supported by robust on-chain activity and a circulating supply of approximately 95 billion TRX.