TRX Dips 4.4% Amid Block Reward Halving Vote and $800M Daily Trading Surge

TRON (TRX) is trading at $0.2790, down 4.42% over the past 24 hours according to Binance data. The recent price decline follows heightened volatility after several major developments: the network’s Proposal No. 102, which aims to halve block rewards and increase the token’s deflation rate, opened for voting and has drawn significant attention but has not yet been finalized. Additionally, while the minting of the first USD1 stablecoin on TRON initially boosted trading volume and sentiment, the market appears to be consolidating as investors await the outcome of the governance vote and further institutional developments, such as the pending U.S. spot ETF application. Despite the short-term pullback, TRON maintains robust trading activity with $800 million in daily volume and ranks as the 9th largest cryptocurrency by market cap, reflecting continued long-term growth and high user engagement.