TRX Token Sees 2.18% Dip After Eight-Week Rally Despite Record Volumes and $1B Buyback

TRXUSDT experienced a 2.18% price decrease over the past 24 hours, currently trading at 0.3596 on Binance. The recent price movement is attributed to profit-taking following TRON’s eight-week rally and new yearly highs, as well as technical indicators signaling overbought conditions. Despite strong network fundamentals, including record transaction volumes, robust USDT activity, and a $1 billion buyback program, short-term correction pressures have emerged. TRON’s market remains active, with 24-hour trading volume reaching $2.638 billion and a market capitalization of approximately $33.98 billion, reflecting continued investor interest and volatility.