TRX Slides 2.18% After Yearly High Despite $1 Billion Buyback and Record Network Activity

TRXUSDT experienced a 2.18% price decrease over the past 24 hours, with the current price at $0.3583 on Binance, likely influenced by profit-taking after reaching a new yearly high and technical indicators signaling overbought conditions (RSI above 75). Despite strong fundamentals such as TRON’s Q2 net income of $1.47 million, a $1 billion buyback program, and record on-chain activity, the market has shown heightened volatility and mixed sentiment, with trading volume ranging from $2.55 billion to $5.37 billion and market capitalization near $34 billion. The asset remains near yearly highs, supported by robust network activity and exchange flows, but short-term price movements reflect cautious investor behavior following recent rallies.