TRX Sees 4.74% Dip After USD1 Launch, Community Vote Eyes Deflation Amid $3B Network Activity

TRON (TRX) experienced a 4.74% price decline over the past 24 hours, opening at 0.2910 and currently trading at 0.2772 on Binance. The recent price volatility is primarily attributed to the launch of the USD1 stablecoin on the TRON network, which initially drove a 6% rally due to heightened market attention and increased stablecoin supply, followed by profit-taking and broader market corrections. Additional factors influencing sentiment include the ongoing community vote on Proposal 102 to reduce TRX issuance and boost deflation, as well as robust network fundamentals, with TRON processing over $3 billion in annual Layer 1 fees and maintaining a market cap of $26.14 billion. Trading volume remains high at $980.34 million, and TRX ranks #9 by market capitalization, reflecting continued strong activity despite short-term price pressure.