TRX Token Climbs 2.34% Amid $1B USDT Issuance and Major Ecosystem Developments on Tron

TRXUSDT has experienced a 2.34% price increase over the past 24 hours, rising from 0.2908 to 0.2976 USDT on Binance. This upward movement is attributed to a combination of technical momentum, as indicated by strong buy signals and positive weekly trends, as well as ecosystem developments such as the automatic soft staking rewards for TRX holders and the recent issuance of 1 billion USDT on the Tron network by Tether. Additional attention has been drawn by TRON founder Justin Sun’s announcement to purchase $100 million worth of TRUMP tokens, coinciding with the TRUMP meme coin's planned migration to the Tron blockchain. Market sentiment remains cautiously optimistic, with analysts monitoring key resistance around $0.295–$0.30 and support at $0.286. TRX’s market capitalization is approximately $27.5–$28 billion, with a circulating supply near 94.8 billion, and trading volume figures varying widely across sources. Overall, the asset is consolidating near resistance levels with a slightly bullish outlook, supported by ongoing ecosystem activity and technical factors.