TRX Token Dips 2.25% Despite Record On-Chain Activity and $4M Trading Competition on Binance

TRXUSDT experienced a 2.25% decline over the past 24 hours, with the price moving from an open of 0.3328 to a current level of 0.3253 on Binance. The recent price decrease follows a period of heightened activity driven by several factors, including the launch of a major trading competition with double-weighted volume and a $4 million reward pool, the integration of TRON into the Binance Web3 wallet, and a significant increase in USDT transfers on the TRON network. Despite strong on-chain metrics—such as a surge in new TRON addresses, record stablecoin transfer volumes, and positive corporate developments like SRM Entertainment’s rebranding to Tron Inc.—the market has seen a short-term pullback, likely due to profit-taking after recent gains and broader market sentiment.

Currently, TRXUSDT is trading at 0.3253 with robust 24-hour trading volume, and TRON maintains a market capitalization near $31 billion, ranking it among the top 10 cryptocurrencies by market cap.