TRX Token Surges 3.81% as USDT Minting, ETF Filings, and Trading Volume Hit New Highs

TRXUSDT has experienced a 3.81% price increase over the last 24 hours, currently trading at 0.3055 USDT on Binance, with a 24-hour opening price of 0.2943. The price surge is primarily attributed to several key developments: Tether's recent minting of 1 billion USDT on the Tron network, which increased overall liquidity and trading activity; the filing of leveraged and spot TRX ETFs in the U.S., signaling growing institutional interest; and positive sentiment following TRON founder Justin Sun’s public backing of new profit mechanisms and strategic purchases related to the ecosystem. These events have contributed to a significant rise in trading volume, with recent figures showing a notable increase of over 135% to 227% compared to the previous day.

TRX currently maintains a strong position in the market, with a circulating supply of approximately 94.76 billion coins, a market capitalization near $29 billion, and consistently high trading volumes, reflecting heightened investor engagement and sustained upward momentum.