TRX Slides 4.72% Amid Governance Vote and Record Whale Activity After Major Stablecoin Launches

TRXUSDT experienced a 4.72% price decline over the past 24 hours, with the current price at 0.2765 (Binance), opening at 0.2902. The recent pullback follows a period of strong gains fueled by major developments, including the launch of the Trump-backed USD1 stablecoin on Tron and a $1 billion USDT mint by Tether, both of which drove increased network activity, total value locked, and bullish sentiment earlier in the week. However, the ongoing governance vote to reduce block and voting rewards (Proposal No. 102) and the resulting potential for increased token scarcity have introduced short-term uncertainty, likely contributing to the recent price volatility and profit-taking. Despite the daily decline, TRX maintains substantial trading volume ($857.9 million), ranks 9th by market cap ($26.43 billion), and has seen significant whale accumulation and record on-chain activity, supporting a generally bullish medium-term outlook.