TRX Token Slides 2.5% After USD1 Stablecoin Surge: Whale Accumulation and High Trading Volume Mark Volatile Week

TRXUSDT is currently trading at $0.2717 on Binance, reflecting a 2.51% decline over the past 24 hours from an open of $0.2787. The recent price decrease follows a period of heightened volatility and strong bullish sentiment driven by the launch of the USD1 stablecoin on the TRON network, which saw TRX rally earlier in the week. The USD1 launch, backed by World Liberty Financial and supported by high-profile endorsements, led to increased network activity, a surge in stablecoin market capitalization, and significant whale accumulation. However, after peaking near resistance at $0.2980, TRX experienced profit-taking and a pullback as short liquidations and broader market consolidation set in. Trading volume remains robust at approximately $886.98 million, with TRX ranked #9 by market capitalization at $25.76 billion, and the TRON ecosystem continues to show strong user engagement and DeFi activity.