TRX Token Sees 5.76% Drop After USD1 Stablecoin Launch and Surging Whale Activity

TRXUSDT experienced a 5.76% price decline over the past 24 hours, dropping from a 24h open of $0.2916 to $0.2748 (Binance data). The recent price drop follows a period of heightened volatility driven by significant ecosystem developments, including the launch of the USD1 stablecoin on the TRON network by World Liberty Financial with support from the Trump family, and major integrations such as Privy joining the Tron DeFi ecosystem. These events initially led to a surge in TRX price and trading activity, with TRX reaching resistance levels near $0.297 before retracing. Additional factors include large-scale USDT minting on Tron and increased whale accumulation, which contributed to earlier price gains but may have prompted profit-taking and short-term correction after the initial rally. TRX remains highly liquid with a 24-hour trading volume of $952.66 million and a market cap of $26.03 billion, ranking #9 globally, while technical indicators and sentiment remain neutral amid ongoing ecosystem activity.