TRX Slides 2.4% Amid $4M Trading Competition, Binance Alpha Partnership, and Surging $25.7M Inflows

TRXUSDT experienced a 2.40% price decline over the past 24 hours, with the current price at 0.3177 USDT, opening at 0.3255 USDT. The recent price movement appears influenced by heightened trading activity following the announcement of a strategic partnership between Binance Alpha and TRON, the introduction of a 0.01% trading fee on selected TRON tokens, and the launch of a $4 million trading competition. Despite strong net inflows of $25.7 million and an 18.8% increase in open interest, short-term profit-taking and minor market corrections have contributed to the recent dip. TRON maintains robust trading volume, with figures between $1.33 billion and $3.43 billion in the last 24 hours, and a market capitalization near $28.5–$30.8 billion, reflecting continued high interest and activity in the asset.