Tron (TRX) Experiences Upward Price Movement as USDT Minting Event Occurs

Tron has experienced upward price movement in recent trading sessions, with TRX climbing approximately 3.9% in the past 24 hours.

Tron’s TRX token has experienced upward price movement in recent trading sessions. TRX is currently trading at $0.289, showing an increase of almost 3.9% in the past 24 hours.

The cryptocurrency has encountered resistance at the $0.29 mark, where it faced selling pressure that stalled further gains. However, if buyers can push the price above the $0.29 resistance, it could pave the way for a continuation of the uptrend.

Despite the recent gains, TRX remains well below its all-time high of $0.43, which was set in December 2024. The current price represents roughly a 31.8% decrease from that peak level.

Increased Stablecoin Activity on Tron

The price movement coincides with increased stablecoin activity on the Tron network. Tether’s USDT token has seen substantial minting events that signal growing liquidity within the ecosystem.

On June 9, 2025, Tether Treasury issued 1 billion new USDT tokens on the Tron blockchain. This represents the largest single issuance of USDT on Tron for the current month.

The minting event is likely driven by two primary factors. Firstly, it highlights the high demand for stablecoins within Tron’s ecosystem, which is renowned for its low transaction fees and high-speed transfers.

Secondly, the minting could be a precursor to institutional activity or preparations for significant over-the-counter crypto trades. Historical patterns indicate that such minting events often precede increased trading activity.

Network Activity Shows Mixed Signals

Tron’s gas usage ratio has steadily increased since late 2024, reflecting higher network activity. This surge in utility has closely mirrored TRX’s price recovery during the same period.

The correlation between on-chain engagement and investor sentiment appears strong. Historically, periods of rising gas efficiency have often coincided with bullish price trends.

However, lending protocols on Tron present a contrasting picture. The total value locked in lending protocols has dropped by nearly $2 billion recently.

This decline pushes the 14-day delta deeply into negative territory. The drop is particularly striking given TRX’s upward price movement during the same timeframe.

The divergence between increasing prices and decreasing lending TVL has precedent in early 2024, where similar patterns showed reduced TVL correlating with TRX’s price movements.

Whale Activity Suggests Institutional Interest

On-chain distribution data reveals interesting patterns among different investor categories. Whale wallets have increased their holdings by 10.17% over the past 30 days.

Mid-tier investors show even stronger accumulation, adding 41.19% to their positions during the same period. Retail holders displayed only marginal growth by comparison.

This trend suggests that sophisticated players may be positioning themselves ahead of potential price movements. Typically, rallies sustained by institutional accumulation tend to be more durable.

Despite the positive whale activity, the 90-day cumulative taker volume delta indicates a skew toward sell orders at current price levels. Market sells have outpaced aggressive buys.

Technical Analysis Points to Key Resistance

TRX has spent several months consolidating between $0.25 and $0.29, forming a tight horizontal trading range. The price is now testing the upper band of this zone.

The RSI indicator is approaching 65, indicating strong momentum without reaching overbought conditions. A clean breakout above $0.29 could trigger renewed upside movement.

At present levels, 92.39% of TRX holders are in profit. Such high levels of realized gains can support price stability but may also lead to short-term profit-taking.

When nearly all participants are in profit, further upside momentum tends to slow down as selling pressure increases near key resistance zones. Volume confirmation will be crucial for any breakout attempt.

input: TLDR

The price of Tron (TRX) has encountered a key resistance level at $0.29, where it faced selling pressure that stalled further gains. However, if buyers can push the price above the $0.29 resistance, it could set the stage for a continuation of the uptrend.

Despite the recent gains, Tron is still trading significantly lower than its all-time high of $0.43, which was set in December 2024. At the current price of $0.29, Tron is down about 31.8% from its all-time high.

Stablecoin Activity Surges on Tron

The recent price movement in Tron coincides with increased activity in stablecoins on the Tron network. Tether’s USDT token has seen substantial minting events, which signals growing liquidity within the ecosystem.

On June 9, 2025, Tether Treasury issued 1 billion new USDT tokens on the Tron blockchain. This is the largest single issuance of USDT on Tron for the current month.

The minting event is likely due to two primary factors. Firstly