TRX Faces 2% Dip Despite $4M Trading Contest, Major Acquisition, and $80B Stablecoin Milestone

TRXUSDT is currently trading at 0.3183, reflecting a 2.06% decrease over the past 24 hours from a 24h open of 0.3250 on Binance. The recent price decline follows a period of strong bullish sentiment driven by several positive developments, including the launch of a $4 million TRON trading competition, a significant corporate rebranding with SRM Entertainment becoming Tron Inc. and acquiring over 365 million TRX, and TRON’s total stablecoin supply surpassing $80 billion. Despite these bullish fundamentals and increased network activity—such as a 93% rise in USDT transfers via TRON and $25.7 million in net inflows—the price has faced resistance near the $0.32 level, leading to short-term profit-taking and consolidation. TRON maintains a robust market position with a 24-hour trading volume of approximately $2.2–$2.57 billion, a market capitalization near $28.5–$30.8 billion, and a circulating supply of 94.76 billion TRX, ranking 9th by market cap.