"Sun Yuchen holds Trump's trump card, why did TRX plummet 20% overnight?"
The news is turbulent and the technical side is about to break - the stablecoin giant TRX is heading into the short-selling storm zone!
News: Good news exhausted + black swan disturbance
The "Sun-Trump meeting" effect faded: Although Justin Sun met with Trump privately, the price of TRX only briefly rose to $0.28 before falling back, and the market's expectations for policy dividends cooled.
ETF expectations are delayed: The SEC is only in the "acceptance" stage for the Staked TRX ETF. If the on-chain production reduction proposal fails to pass the vote on June 10, it will weaken the momentum for short-term speculation.
On-chain prosperity: TRON’s daily active addresses are approaching 3 million, and its monthly transaction volume has exceeded a record of US$121 billion, suggesting that it is accumulating strength.
News: Good news exhausted + black swan disturbance
The "Sun-Trump meeting" effect faded: Although Justin Sun met with Trump privately, the price of TRX only briefly rose to $0.28 before falling back, and the market's expectations for policy dividends cooled.
ETF expectations are delayed: The SEC is only in the "acceptance" stage for the Staked TRX ETF. If the on-chain production reduction proposal fails to pass the vote on June 10, it will weaken the momentum for short-term speculation.
On-chain prosperity: TRON’s daily active addresses are approaching 3 million, and its monthly transaction volume has exceeded a record of US$121 billion, suggesting that it is accumulating strength.
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TRX
0.2726
+0.51%