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  • Market Cap: $3.3012T 0.460%
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  • Market Cap: $3.3012T 0.460%
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Cryptocurrency News Articles

Trump-Backed Stablecoin Sparks TRX Momentum

Jun 12, 2025 at 08:17 pm

TRX price regained investor attention after World Liberty Financial launched the Trump-linked USD₵1 stablecoin, backed by Justin Sun.

Trump-Backed Stablecoin Sparks TRX Momentum

World Liberty Financial, backed by Justin Sun, launched the USD₵1 stablecoin, linked to Trump and minted on Tron, granting TRX price renewed attention.

This coincides with TRX testing the $0.286 resistance.

Justin Sun confirmed the launch on X, and on-chain validation is available via TRONSCAN.

Network metrics also surged. Tron’s stablecoin cap rose from $77.18B on June 10 to $79.04B on June 12, marking an increase of $1.86B in just two days, and there’s also a new user activity peak.

Trump-Backed Stablecoin Sparks TRX Momentum

World Liberty Financial, backed by Justin Sun, launched the USD₵1 stablecoin, linked to Trump and minted on Tron, granting TRX price renewed attention.

This coincides with TRX testing the $0.286 resistance.

Justin Sun confirmed the launch on X, and on-chain validation is available via TRONSCAN.

Network metrics also surged. Tron’s stablecoin cap rose from $77.18B on June 10 to $79.04B on June 12, marking an increase of $1.86B in just two days, and there’s also a new user activity peak.

Among the top contenders invited to Trump’s crypto dinner in May 2025 were Justin Sun the Founder of TRON cryptocurrency which signals deeper alignment with U.S. pro-crypto policy and boosts sentiment around the TRON ecosystem.

TRX/USD Loses Steam After Rejection

Compared to earlier in June, when Tron Coin was attempting a clean breakout above $0.286 with bullish momentum behind it, the current setup presents a more cautious tone.

Previously, TRX was in the midst of a rally, gaining over 7.45% weekly and pushing toward the $0.30 psychological level. As of now, price has retreated back to $0.274, testing key trendline support.

The failure to close above $0.286 — now a confirmed multi-test resistance — signals exhaustion rather than continuation.

Momentum Divergence:

On-Chain Metrics: Confidence Builds, But Resistance Holds

DeFiLlama shows 2.31M returning users on June 12 — slightly below the June 6 peak of 4.58M, signalling decline in network activity.

According to IntoTheBlock, 60.03% of TRX holders are currently in profit, up roughly 3% since the stablecoin news, while 32.18% are at breakeven and 7.80% remain in loss.

This suggests reduced sell pressure from profitable holders, though the high concentration of breakeven wallets around $0.281–$0.290 may still act as near-term resistance unless volume and sentiment strengthen.

This reduces selling pressure. Still, many breakeven holders near $0.281–$0.290 reinforce resistance.

TRON’s stablecoin market cap is now $79.04B, rising $1.86B in 7 days. USDT dominates with 99.01% share, confirming Tron’s relevance in stablecoin flows.

TRX Outlook: Can the Rally Sustain or Is a Cool-Off Inevitable?

TRX sits at a pivotal zone where technical fragility meets growing on-chain strength. If bulls reclaim $0.286 and trigger a daily close above, momentum could rapidly accelerate toward $0.290 and $0.30 zones that would validate the recent breakout narrative.

Should this move coincide with an uptick in whale activity or stablecoin inflows, expect broader market confidence to follow, possibly pushing the price even higher. In that scenario, $0.32 becomes a feasible short-term extension.

However, if the price continues to hover below $0.286 without new volume or catalyst support, consolidation could extend. A breakdown below $0.275 would open the path to $0.268, especially if momentum metrics like MACD and RSI continue to weaken.

As of now, TRX holds in a neutral-bullish structure, but time is running short for buyers to defend the trend. The next 48–72 hours will likely dictate whether TRX rallies or rolls into deeper correction

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Other articles published on Jun 14, 2025