TRX Surges 2.39% as Tether Mints 2 Billion USDT, Daily Transactions Top 8 Million
TRON (TRX) has experienced a positive price movement over the last 24 hours, with the token rising by approximately 2.39% to 3.02% and trading near $0.2765 USDT. Market activity remains robust, as evidenced by a 21.68% increase in 24-hour trading volume to $1.01 billion and a market capitalization of $26.24 billion.
The recent price appreciation can be attributed to several key developments. Tether minted an additional 2 billion USDT on the Tron network on May 21, 2025, bringing the total USDT supply on Tron to about 75.7 billion and reinforcing TRON’s position as the leading blockchain for stablecoin transactions. This expansion has driven daily USDT transaction volumes to approximately $23 billion and 2.4 million transfers, significantly outpacing competing networks. The increase in network activity, with TRON’s daily transactions consistently exceeding 8 million since February 2025, has attracted more traders and liquidity to the ecosystem. These factors, combined with the network’s low fees and fast transaction speeds, have contributed to the recent upward momentum in TRX price and sustained strong fundamentals for the asset.
Cetus Hack Wrecks Sui Tokens: $11M Stolen and Prices Tank! 😭
The image below shows a bunch of tokens paired with $SUI on the Sui blockchain, and it’s a mess. This ties to the Cointelegraph post from earlier today (May 22, 2025, at 11:08 UTC) about Cetus, a major decentralized exchange (DEX) on Sui, getting hacked. Hackers drained $11M worth of $SUI from the SUI/USDC liquidity pool, and as a result, most tokens in the table—like AXOL, SUIRI, and SQUIRTLE—are down 75% to 92% in just 24 hours. For example, AXOL’s price is now $0.00003554, down 92.5%, and SUIRI dropped 82.83% in a day. The table also shows stuff like market caps (e.g., $109K for AXOL) and holder counts (e.g., 157 for AXOL), highlighting how small and vulnerable these tokens are. Web results add context: Cetus’s own site warns about risks in liquidity.raise pools, and a Chainalysis report from February 2025 says DeFi hacks have already cost $1.34B in 2024 alone. Sui’s price had been looking good before this, with a 50-day SMA of $3.03, but this hack is a big blow.
Man, this hack is a disaster for anyone holding these tokens—losing 75%+ of your value in a day is rough! It’s no shock though; DeFi is still a wild west, and with Cetus’s own warnings about risks, this kind of thing feels almost inevitable. I feel bad for the small investors who got burned here, especially since these tokens don’t have big market caps to weather the storm. That said, the crypto space always has opportunists—some replies to the post were like, “Time to buy the dip!” I get the logic, but I’d be super careful. The Sui ecosystem might recover since it’s been growing, but right now, this looks like a total dumpster fire. If you’re thinking of jumping in, maybe wait until the dust settles and Cetus shows they’ve fixed their security.
If you enjoy my content, feel free to follow me ❤️
#Binance
#crypto2025
CHECK IT OUT, FAM💥💞
$COOKIE JUST WENT +50% — AND YES, WE CALLED IT EARLY! 🚀🍪
From $0.1451 ➡️ $0.2962, this breakout was textbook — pure sniper execution!
Planning + Precision = PROFITS — and we nailed both!
If you caught the wave with me, massive congrats!
If not… don’t sweat it — more bangers loading up next!
Stay locked, stay sharp!
Buy And Trade Here $COOKIE
{future}(COOKIEUSDT)