TRX Surges 2.32% as Major On-Chain Moves and Stablecoin Inflows Boost Market Momentum

TRXUSDT experienced a 2.32% price increase in the past 24 hours, primarily driven by significant on-chain transactions and continued stablecoin inflows on the TRON network. Notable factors include a transfer of nearly 971 million TRX to an anonymous address and a 100 million TRX withdrawal from Binance by a wallet linked to Justin Sun, alongside major stablecoin activity such as Tether minting 1 billion USDT on TRON. These developments contributed to positive market sentiment and increased trading activity. TRON's position as a leading blockchain for stablecoins and ongoing network growth, reflected in its record-high account numbers, further supported the upward momentum.

Currently, TRXUSDT trades at 0.2866 with a 24-hour volume of $69.79 million on Binance. The price ranged from 0.2801 at open to a high of 0.2866, supported by strong overall trading volumes and a circulating supply of approximately 94.68 billion TRX.