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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.