TRX Surges 2.2% as TRON Hits Nasdaq, $1B Offering and 1.1B Token Burn Drive Growth

TRXUSDT has experienced a 2.20% price increase over the past 24 hours, rising from 0.3319 to 0.3392 on Binance. This upward movement is primarily attributed to recent positive developments within the TRON ecosystem, including the launch of a zero-fee trading promotion for TRX/USDC pairs, the introduction of new TRON-related features on Binance, and significant ecosystem milestones such as TRON Inc.'s Nasdaq listing and a $1 billion securities offering to support TRX. Additionally, the staking of 365 million TRX on JustLend DAO and the ongoing token burn—over 1.1 billion TRX burned in August—have reinforced market confidence and contributed to increased trading activity and price stability, despite notable profit-taking by long-term holders.

Currently, TRXUSDT is trading at 0.3392 with a 24-hour trading volume of approximately $837 million and a market capitalization near $32 billion, reflecting robust market interest and sustained ecosystem growth.