TRX Surges 2.23% as TRON’s $1B Buyback and USDT Bridging Volume Drive Market Momentum

TRON (TRXUSDT) has experienced a 2.23% price increase in the last 24 hours, rising from 0.3452 to 0.3529 USDT on Binance. This upward movement is primarily attributed to strong second-quarter financial results, a surge in network activity, and TRON’s growing dominance in USDT supply and stablecoin bridging, highlighted by a 76% increase in USDT bridging volume and a $1 billion buyback program announcement. Additional factors include recent whale transactions and high on-chain activity, with over 8.29 million USDT transactions processed in a single week. The current market shows robust trading volume at $1.27 billion and a market capitalization of approximately $33.45 billion, with TRON ranking among the top cryptocurrencies by market cap.