TRX Drops 6.11% Amid Whale Activity, USD1 Stablecoin Launch, and Privy Partnership Impact

TRXUSDT experienced a 6.11% decline over the past 24 hours, with the price dropping from a 24h open of $0.2914 to $0.2736 on Binance. The recent price volatility follows a period of heightened activity driven by the launch of the USD1 stablecoin on the TRON network, significant whale accumulation, and a major partnership announcement with Privy, which previously fueled upward momentum and short-term rallies. However, after peaking near $0.2980, TRX faced resistance and retreated as profit-taking and broader market fluctuations set in. The ecosystem remains robust, with over $5 billion in total value locked and high trading volume ($952 million in 24h), but short-term sentiment is neutral as traders await further developments, particularly regarding the proposed TRX block reward reduction and ongoing stablecoin activity.