TRX Surges 2.53% as Network Activity and Trading Volume Hit New Highs on Binance

TRON (TRX/USDT) experienced a 2.53% price increase over the last 24 hours, with the current price at $0.3246 on Binance, up from a 24-hour open of $0.3166. The upward momentum is primarily attributed to heightened network activity, including a significant rise in TRON-based USDT transfers to centralized exchanges and the ongoing TRON trading competition on Binance, which has drawn increased trading interest. Additional positive sentiment stems from the rebranding of SRM Entertainment to Tron Inc., now the largest public holder of TRX, and the continued growth in USDT issuance on the TRON network, which has surpassed $81 billion. Technical indicators show TRX trading above key moving averages and approaching resistance at $0.32, with analysts noting the potential for further gains if this level is decisively breached.

In the latest session, TRON’s trading volume surged, with Binance reporting $378.39 million for the TRX/USDT pair and overall 24-hour volumes reaching up to $6.67 billion across platforms. The market capitalization stands at approximately $31.09 billion, with TRX outperforming the broader crypto market over the past week.