TRX Surges 3.1% as Whale Activity and USDT Minting Drive Network Growth and Market Strength

TRXUSDT experienced a 3.10% price increase over the past 24 hours, rising from an open of $0.2641 to $0.2723, according to Binance data. This positive movement is attributed to several key factors: a surge in whale activity (+145%) coinciding with significant market liquidations, heightened anticipation following a cryptic announcement tease by TRON founder Justin Sun, and robust network activity with average daily transactions reaching 8.4 million. Additionally, the recent minting of 2 billion USDT on the TRON network by Tether Treasury has further boosted market attention and liquidity. Despite broader market volatility and geopolitical uncertainties, TRX has shown relative strength compared to other major cryptocurrencies, maintaining its position as the 9th-largest crypto by market cap at approximately $25.04 billion, with a circulating supply exceeding 94.8 billion TRX. Trading volume and DeFi engagement continue to support network growth, while technical indicators suggest a neutral to mildly bullish short-term outlook.