TRX Maintains Top 10 Rank; Recent Price Dip and Strong Network Activity
TRON (TRX) is currently trading at $0.2698, with a 24-hour opening price of $0.2771 and a price change of -2.63%, while 24-hour trading volume is approximately $976 million and its market capitalization remains around $25.4 billion, maintaining its position as the 10th largest cryptocurrency by market cap. The recent price decline over the past 24 hours is attributed to profit-taking after recent gains, ongoing market volatility, and consolidation above the $0.25 support level, despite positive developments such as the SEC's acceptance of the Canary Staked TRX ETF application and strong network fundamentals including high USDT transaction volume and a decreasing TRX supply due to token burns.