TRON’s TRX Surges 5% as It Overtakes Ethereum in USDT Circulation

The cryptocurrency market is showing mixed signals as geopolitical developments create both opportunities and challenges for digital assets. TRON’s TRX token demonstrated remarkable strength with a 4.8% rally over a recent 24-hour period, climbing from $0.264 to $0.276 before experiencing a slight correction. This uptrend coincided with TRON achieving a significant milestone by overtaking Ethereum as the blockchain with the largest USDT circulation, now hosting $73.8 billion compared to Ethereum’s $71.9 billion. The White House’s announcement of a recent trade agreement between the U.S. and China has signaled a potential cooling in trade tensions, providing a boost to market sentiment. Meanwhile, institutional adoption continues to accelerate, with Coinbase’s addition to the S&P 500 highlighting growing mainstream acceptance of digital assets. Technical Analysis Highlights TRX climbed from $0.264 to a peak of $0.276, representing a 4.8% range with above-average volume at key breakout points. Strong buying pressure established support at $0.265 during the 13:00-14:00 and 19:00 sessions. A notable resistance zone emerged around $0.275, with price consolidating near this level before a slight pullback. Consistent higher lows throughout the period suggest continued bullish momentum. In the last hour, TRX reached a peak of $0.276 at 07:48 before entering a sharp correction phase. Price declined approximately 0.9% from its hourly high to $0.273, with heavy selling volume (11.8M) at 08:08. A new support level was established around $0.274 with multiple failed attempts to reclaim $0.275. Recent price action indicates consolidation between $0.273-$0.274, with modest buying emerging near session lows. Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk’s full AI Policy . This article may include information from external sources, which are listed below when applicable. External References ” Tron flips Ethereum in USDT supply amid growing on-chain activity “, crypto.news, published May 13, 2025. ” Tron Price Prediction 2025, 2026 – 2030: Can Tron Reach $1? “, CoinPedia, published May 14, 2025.

Source: CoinDesk