TRX Dips 3% Amid Market Volatility as ETF Approval Hopes and USDT Role Fuel Interest

TRON (TRX) is currently trading at $0.2672 with a 24-hour trading volume near $1 billion and a market capitalization around $25.6 billion, reflecting a 3.15% decline from the previous day’s open of $0.2759. The recent price drop is attributed to broader market volatility and profit-taking following TRX’s earlier resistance break, despite strong bullish sentiment driven by optimism around the potential approval of the Canary Staked TRX ETF and TRON’s significant role in the USDT ecosystem. Ongoing regulatory developments, including the SEC’s review of the ETF proposal and high-profile events involving TRON’s founder, are contributing to heightened market attention and short-term volatility.