TRX Token Sees 3% Pullback After USD1 Launch and Privy Partnership Fuel Trading Surge

TRXUSDT experienced a 3.07% decline over the past 24 hours, with the price dropping from 0.2797 to 0.2711 on Binance. The recent price pullback follows a period of strong gains driven by several key developments, including the launch of the USD1 stablecoin on the TRON network, a major partnership announcement with Privy, and significant USDT minting activity, all of which previously boosted trading volume and market sentiment. However, after these catalysts led to short-term rallies and increased volatility, profit-taking and stabilization around key support levels have contributed to the latest downward movement.

Currently, TRXUSDT is trading at 0.2711 with a 24-hour trading volume near $969 million and a market cap of approximately $26.09 billion, ranking #9 among cryptocurrencies. The asset remains supported by robust DeFi activity, high stablecoin circulation, and ongoing institutional interest, though price action has recently consolidated following its earlier bullish momentum.