TRX Surges 2.66% as TRON Network Activity and $1B USDT Mint Drive Market Momentum
TRXUSDT has recorded a 2.66% price increase over the past 24 hours, currently trading at 0.3012 USDT on Binance. This upward movement is primarily attributed to heightened network activity, including over 29.6 million USDT transactions on the TRON network and a recent $1 billion USDT mint by Tether Treasury, which underscores growing adoption and liquidity of TRC20-USDT. Additional drivers include strong technical indicators, such as a bullish RSI and MACD crossover, as well as the integration of new projects and strategic partnerships within the TRON ecosystem.
TRX maintains a robust market presence with a circulating supply of approximately 94.77 billion tokens and a market capitalization near $28 billion. Trading volume over the last 24 hours has been substantial, reflecting sustained investor interest amid positive sentiment and ongoing ecosystem developments.