TRX Token Drops 5.13% Amid Whale Activity and Market Pullback Despite $110M Treasury Boost

TRXUSDT experienced a notable price decline of 5.13% over the last 24 hours, with the current price at 0.3146 on Binance, attributed primarily to broader market pullback and bearish technical momentum despite positive fundamental developments for the Tron network. Recent company actions, including Tron Inc.'s $110 million TRX treasury addition and a 60% reduction in network transfer fees, have not offset the short-term selling pressure, which has been intensified by increased activity from large whale wallets and a drop in trading volume. The market remains active, with TRX's market capitalization near $31 billion and 24-hour trading volume ranging from $569.9 million to $989.61 million, while technical indicators suggest the selloff may be nearing exhaustion, potentially setting the stage for a short-term price rebound.