TRX Surges 2.76% as TRON Expands Stablecoin Dominance and Network Revenue Hits New Highs

TRXUSDT has experienced a 2.76% price increase over the past 24 hours, rising from 0.3083 to 0.3168 on Binance. This positive movement is primarily attributed to strong fundamental developments, including TRON's expanding dominance in the stablecoin market, a significant increase in network revenue, and the recent rebranding of SRM Entertainment to Tron Inc. with a substantial TRX stake. Technical indicators, such as the bullish "cup-and-handle" pattern, have also contributed to positive sentiment and upward momentum.

Currently, TRX trades at 0.3168 with a 24-hour trading volume exceeding $3.6 billion and a market capitalization near $30 billion, ranking it among the top cryptocurrencies. The circulating supply is approximately 95 billion TRX, and market sentiment remains cautiously optimistic amid recent price consolidation above key support levels.