TRX Surges 2.46% as Binance Trading Competition, Network Upgrades, and $4M Prize Pool Drive Momentum

TRXUSDT has experienced a 2.46% price increase over the past 24 hours, with the current price at 0.3249 USDT on Binance. The recent price movement is primarily attributed to heightened bullish sentiment following the announcement of a TRON trading competition on Binance’s Alpha platform, featuring a $4 million prize pool, and significant network developments such as TRON’s record quarterly revenue, a 25% rise in staking rewards, and the rebranding of SRM Entertainment to Tron Inc. Additional factors include increased trading activity, integration of real-time data streaming by The Graph, and the upcoming launch of a TRUMP-themed meme coin on the TRON network.

TRON’s market capitalization is approximately $31.14 billion, with a 24-hour trading volume of $1.89 billion and a circulating supply of about 94.75 billion TRX. The asset has shown strong market activity, with the 24-hour price ranging from 0.3171 to 0.3344 USDT on Binance, reflecting increased investor interest and market participation.