TRX is now around 0.329u, with no big fluctuations. It has been hovering in a tight range of 0.32 to 0.33u.

Justin Sun’s stablecoin settlement business has been very strong. Last year, its average daily USDT settlement volume exceeded Ethereum, reaching first place across the network. The total stablecoin supply has reached more than 80 billion, but the token price here has not kept up with this business growth. The network is being used more and more, yet the coin price is basically going nowhere—this divergence is quite obvious.

Recently, institutions made a move. Anchorage Digital just supported TRX staking this month, meaning institutions can now directly stake on the platform to earn yield—showing that compliance has taken another step forward.

Its all-time high was around 0.44u, which happened in December of the year before last. That rally was driven by Grayscale considering adding TRX to its investment portfolio, along with the sentiment boosted by Justin Sun personally putting $30 million into the Trump-family WLFI project.

At this level now, the short-term moving averages are being lifted, indicating the short-term trend is still holding up. But the long-term moving averages have been weakening since June, and the medium-term direction is bearish.

Community sentiment right now is bearish. It’s lagging behind the broader market and similar projects. A short-term rebound needs a new catalyst to drive a breakout #trx $TRX