TRX Token Faces 2.22% Price Drop Amid Network Growth and Surging Trading Volume

TRXUSDT has experienced a 2.22% price decrease over the past 24 hours, with the current price at 0.3130 on Binance, down from a 24h open of 0.3201. This decline follows notable events such as increased trading activity stemming from TRON's network growth, the launch of TRX options on Deribit, and heightened market visibility due to promotional campaigns including the Binance Wallet Financial Management Event and Justin Sun's media engagement. While technical indicators recently signaled potential for continued gains, a surge in trading volume and the emergence of a bearish supply zone suggest short-term selling pressure, contributing to the observed price dip. TRON maintains strong market presence with a circulating supply near 94.71 billion TRX and a robust market capitalization, as the asset remains actively traded within a narrow range supported by significant volume increases.