TRX Surges 2.35% as $1B USDT Issuance and Key Proposals Drive Network Momentum

TRON (TRX) has experienced a 2.35% price increase over the last 24 hours, currently trading at $0.2924 on Binance. This positive movement is primarily attributed to several key developments: Tether’s recent issuance of $1 billion USDT on the TRON network, which has boosted network activity; the commencement of voting on Proposal No. 102 to reduce block and voting rewards, potentially increasing TRX’s deflationary pressure and scarcity; and public statements from Justin Sun hinting at major milestones and possible network upgrades. These factors have driven strong buying interest, as reflected in the elevated trading volume and technical indicators showing TRX above its 9-day SMA with an RSI near overbought levels.

TRX’s market capitalization stands at approximately $27.82 billion, with a 24-hour trading volume of $579.15–$677.14 million and nearly all of its 94.85 billion supply in circulation, underscoring strong market participation and continued positive momentum.