TRX Surges 2.52% as Institutional Interest Grows Amid TRON’s U.S. Market Entry Plans

TRXUSDT rose 2.52% over the last 24 hours, opening at 0.2662 and reaching a current price of 0.2729 on Binance. The price increase is primarily attributed to heightened institutional interest following TRON’s announced plans for a U.S. public market entry via a reverse merger, as well as significant growth in USDT supply on the Tron blockchain and increased whale activity. Technical factors also contributed, with TRX consolidating above key support levels and maintaining a mildly bullish sentiment. Market capitalization stands at approximately $23.62 billion with 24-hour trading volume near $784 million, and the token is trading within a tight range, reflecting cautious optimism amid broader market trends.