TRX Token Faces 2.64% Drop Despite $1.4B Stablecoin Inflow and Deribit Options Launch
TRXUSDT declined by 2.64% over the last 24 hours, opening at 0.3034 and currently trading at 0.2954 on Binance. This price decrease follows recent significant inflows of stablecoins to the TRON network, including $1.4 billion in the past day and a new all-time high USDT supply of 83.4 billion, which generally signal institutional activity but have not translated into immediate price support. The launch of TRX options on Deribit and an expanded partnership with Revolut have increased institutional access and user engagement, while overall trading volume for TRX/USDT remains strong at around $808 million. Despite recent volatility and high network activity, short-term price pressure is evident, with investors closely monitoring developments amid dynamic market conditions.