TRX Surges 2.18% as TRON Network Hits $1B USDT Mint, Outpaces Ethereum in Transfers

TRXUSDT has recorded a 2.18% price increase over the past 24 hours, opening at 0.2931 and currently trading at 0.2995 on Binance. This upward movement is primarily attributed to recent major developments on the TRON network, including the minting of $1 billion USDT by Tether Treasury, which has boosted network liquidity and supported higher transaction volumes. Additionally, TRON has surpassed Ethereum in weekly USDT transfer volume, driven by its low-fee infrastructure and the introduction of zero-fee USDT transactions. Positive sentiment has also been reinforced by Justin Sun’s announcement of a $100 million investment in the TRUMP token and plans to bridge it to TRON, as well as the SEC filing for a leveraged TRON ETF.

Currently, TRX maintains active trading with a 24-hour volume of approximately $630 million and a market capitalization exceeding $28 billion, with the price fluctuating between 0.2897 and 0.2995 USDT in the last day.