TRX Surges 2% as USDT Minting, $21B Transfers, and ETF Filing Drive Market Momentum

TRXUSDT has recorded a 2.03% price increase over the past 24 hours, rising from 0.2902 to 0.2961 on Binance. This positive movement is primarily attributed to several recent developments: the Tether Treasury's minting of 1 billion USDT on the Tron blockchain, which has further strengthened TRON's position as a leading platform for stablecoin transactions; robust network activity with over $21 billion in weekly USDT transfers, surpassing Ethereum; and increased institutional interest following REX Shares' application for a leveraged TRON ETF with the US SEC. Additional momentum was provided by the launch of the $TRUMP token on TRON and a $100 million commitment from TRON founder Justin Sun to purchase TRUMP tokens.

Currently, TRXUSDT is trading at 0.2961 with a 24-hour trading volume surge and a market capitalization near $28 billion, reflecting strong investor interest and heightened network activity.