TRX Surges 2% as $1B Buyback, Token Burns, and Whale Accumulation Drive Market Momentum

TRXUSDT has experienced a 2.01% price increase over the past 24 hours, rising from 0.3326 to 0.3393 on Binance. This upward movement is primarily attributed to TRON’s ongoing $1 billion buyback program, which has strengthened bullish sentiment, as well as continued token burns that have reduced supply by over 1.1 billion TRX in August 2025. Additional factors supporting the price include increased trading activity following a $4 million trading competition, a significant realized profit event by long-term holders, and ongoing whale accumulation that has balanced recent sell pressure.

Currently, TRXUSDT is trading at 0.3393 with a robust 24-hour trading volume between $837.4 million and $992.42 million, and a market capitalization of approximately $32.1 billion. The asset has shown resilience and outperformed the broader crypto market over the past week, with technical indicators suggesting a phase of consolidation near key resistance levels.