TRX Surges 2.52% After Justin Sun’s Tweet Spurs Institutional Interest and Technical Breakout

TRXUSDT experienced a 2.52% price increase over the past 24 hours, rising from a 24h open of 0.2658 to a current price of 0.2725 on Binance. The primary driver of this upward movement is heightened market attention following a cryptic tweet from TRON founder Justin Sun, which has historically signaled major announcements and led to increased trading activity and volatility. Additional contributing factors include sustained institutional interest, as evidenced by a recent spike in large transactions, and ongoing technical optimism with TRX trading above key moving averages. The network’s fundamentals remain strong, with TRC20-USDT supply surpassing 80 billion, active voting on protocol upgrades, and robust transaction metrics. TRON maintains a market capitalization of approximately $23.12 billion and a 24-hour trading volume of $1.45 billion, with price action consolidating near recent highs and technical indicators suggesting potential for further bullish movement if support above $0.27 holds.