TRX Slides 3.28% Amid ETF Filing, Governance Vote, and $1B USDT Mint on TRON Network

TRON’s TRX token is trading at $0.2833, down 3.28% over the past 24 hours, with a 24-hour opening price of $0.2929 and robust trading volume. The recent price decrease follows a period of heightened volatility and bullish momentum driven by several key developments: Canary Capital’s filing for a U.S. spot ETF tracking TRX with staking rewards, the ongoing governance vote (Proposal 102) to reduce block and voting rewards and increase the token’s deflationary rate, and the minting of 1 billion USDT on the TRON network, which boosted stablecoin activity and transaction volume. While these events initially contributed to a price surge and increased investor accumulation, short-term profit-taking and uncertainty surrounding the outcome of Proposal 102 appear to have led to the current pullback. Despite the recent decline, TRX maintains strong liquidity, a market cap of $27.67 billion, and sustained investor interest, supported by growing stablecoin usage and active network governance.