TRX Token Slides 5.37% After USD1 Stablecoin Launch and Whale Activity Spur Volatility

TRXUSDT experienced a 5.37% decline over the past 24 hours, with the price dropping from a 24h open of $0.2905 to $0.2749, according to Binance data. This price pullback follows an initial surge earlier in the week, attributed to the launch of the Trump-linked USD1 stablecoin on the TRON blockchain, which had driven increased network activity, a spike in trading volumes, and a brief 6% price rally. Additional factors influencing recent price action include the minting of 1 billion USDT on TRON, heightened whale accumulation, and network proposals aimed at increasing TRX’s deflation rate, all of which contributed to positive sentiment but were followed by profit-taking and short-term volatility.

Currently, TRXUSDT is trading at $0.2749 with a 24-hour trading volume of approximately $952.6 million and a market capitalization near $26.0 billion, reflecting high liquidity and active participation, though the asset remains about 31.8% below its December 2024 all-time high.