TRON (TRX) Price: Could $80 Billion USDT Milestone Spark a Recovery Rally
TLDR
USDT supply on the TRON blockchain has exceeded $80 billion, making it the largest network for USDT issuance
TRX is trading at $0.2729, up 2.2% in 24 hours but still 36% below its December 2024 peak of $0.4313
TRON-based DEX volumes increased from $4.9 billion in April to $5.5 billion in May
The network’s total value locked decreased from $7.5 billion in January to $4.3 billion currently
Technical indicators show TRX consolidating near support levels with mixed signals
TRON’s native token TRX is showing early signs of recovery as the blockchain achieves a major milestone in the stablecoin sector. The network has now become the dominant platform for USDT circulation.
According to analysis from CryptoQuant contributor Maartunn, the total circulating supply of Tether USDT on the TRON blockchain has crossed the $80 billion threshold. This makes TRON the largest network for USDT issuance globally.
The growth trajectory has been consistent since late 2020. USDT supply on TRON increased from under $7 billion to over $39 billion during the 2021 bull market.
The network achieved another milestone in November 2024. For the first time in three years, TRON surpassed Ethereum in terms of overall USDT supply.
This upward trend continued into 2025. The supply grew from $59.76 billion at the start of the year to more than $80.76 billion by mid-June.
Network Metrics Show Mixed Signals
Despite the growing stablecoin presence, other network metrics tell a different story. The total value locked on TRON has dropped from approximately $7.5 billion in January to just $4.3 billion, according to DefiLlama data.
Source: DefiLlama
However, decentralized exchange activity paints a more positive picture. Monthly trading volume on TRON-based DEXs rose from $4.9 billion in April to $5.5 billion in May.
This increase demonstrates renewed on-chain trading activity within the ecosystem. The trading volume growth suggests users are actively engaging with TRON-based protocols.
Current Price Action and Technical Analysis
TRX is currently trading at $0.2729, representing a 2.2% gain over the past 24 hours. The token has maintained a weekly trading range between $0.2605 and $0.2791.
Despite recent gains, TRX remains 36% below its December 2024 peak of $0.4313. Daily trading volume has decreased by almost 29% to $939 million, indicating reduced spot market activity.
From a technical standpoint, TRX appears to be consolidating near key support levels. The price is moving sideways just below the 20-day simple moving average.
Source: TradingView
The token remains above several important exponential moving averages across different timeframes. These include the 10-day, 30-day, 50-day, and 100-day EMAs, suggesting underlying trend strength.
The Bollinger Bands show slight narrowing, indicating reduced volatility. TRX is currently trading near the middle band of this indicator.
The relative strength index sits near 50, showing neutral momentum. Momentum and bull/bear power indicators are displaying buy signals, while the MACD indicator remains in slightly bearish territory.
If TRX breaks decisively above the 20-day SMA and clears the $0.28 range, a bullish breakout could develop. This might lead to a retest of the $0.30 to $0.32 range.
On the downside, failure to hold above $0.265 could expose the token to further losses toward the lower Bollinger Band around $0.262. USDT supply on TRON reached $80.76 billion by mid-June 2025.
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Filed under: News - @ June 24, 2025 8:30 am