TRON price slipped on Tuesday as the cryptocurrency market hit the rocks amid a sudden dip for Bitcoin, but bulls remained largely in control as the altcoin hovered between $0.2955 and $0.3029.
As the sell-off pressure for Bitcoin (BTC) hit most cryptocurrencies, TRON (TRX) fell from highs of $0.302 to around $0.29, shedding just over 1% of its value in the past 24 hours. BTC has fallen to lows of $116k – off its peak of $123k. Solana (SOL) and XRP (XRP) have also both dipped more than 3% as they pare gains.
Per Coinglass, open interest in TRX is down 3% to $380 million. Derivatives volume is also down 10% to approximately $380 million.
However, TRX, like Ethereum (ETH), is signaling strength, with bulls holding near a key level. The price outlook for these altcoins suggests bulls need to maintain momentum—crucial given that many investors may be looking to take profits.
A notable aspect of the TRX price trend is its growth amid an increase in stablecoin supply on TRON. TRON has led in Tether (USDT) supply, and analysts at CryptoQuant note a positive correlation between USDT flows and TRON’s growth.
“Interesting pattern happening on the TRON Network, specifically related to the USDT supply. Currently, the correlation is positive again: as the USDT supply increases significantly, so does TRON,” CryptoQuant analyst J.A. Maartun said via X.
According to Token Terminal, the quarterly USDT transfer volume on the network spiked to an all-time high of $1.93 trillion in the second quarter of 2025.
The TRON network has also seen a significant surge in various metrics over the past six months. Between the first and second quarters, TRON DAO reported a 103% spike in unique users, while transactions rose 89%. Another sign of growing traction on the blockchain network is the 121% surge in volume.
TRX reached its all-time high of $0.44 in December 2024.
