TRX Price Dips 2.9% Amid Surging Derivatives Activity and On-Chain USDT Growth on Binance

TRXUSDT is currently trading at $0.3078 on Binance, reflecting a 2.90% decrease over the past 24 hours from a 24-hour open of $0.3170. The price decline can be attributed to short-term volatility following strong recent gains, as well as profit-taking after TRX reached highs near $0.32 earlier this week. Key contributing factors include TRON’s notable increase in on-chain USDT supply, high trading volume ($65.96 million on Binance for the TRX/USDT pair), and the launch of TRX options on Deribit, which has stimulated derivatives activity but may have increased market churn. The broader TRON ecosystem continues to report robust growth, with integrations such as MetaMask and Sun Wukong (formerly SUN.io) boosting network adoption, while TRON maintains a top-10 market cap position and has outperformed the wider cryptocurrency market over the last seven days.