Tron (TRX) has seen a notable increase in its price recently, mirroring the overall positive trend in the cryptocurrency market. Over the last 24 hours, TRX rose by approximately 3.9%, reaching a trading price of $0.294. However, despite these gains, Tron is still significantly below its all-time high of $0.43, recorded in December 2024, indicating a decrease of about 31.8% from that peak. This upward movement aligns with a marked increase in stablecoin activity on the Tron network, particularly involving Tether’s USDT token.
A recent significant minting event involving USDT has enhanced liquidity and indicated potential market demand. Amr Taha, an analyst from CryptoQuant’s QuickTake Platform, reported on a major occurrence on the Tron blockchain involving Tether's stablecoin. In his report titled “Tether Treasury Mints $1 Billion USDT on TRON Before Bitcoin Hits $110,000,” Taha noted that the Tether Treasury minted 1 billion new USDT tokens on the Tron blockchain on June 9, 2025. This issuance marks the largest single minting of USDT on Tron for the month, underlining the network's growing importance for stablecoin transactions.
Taha identified two primary drivers behind this substantial minting event. Firstly, it reflects heightened market demand for stablecoins, especially within Tron’s ecosystem, which is recognized for its low transaction fees and rapid transfer speeds. Secondly, this minting may suggest significant institutional activity or preparations for large over-the-counter (OTC) crypto trades. Historically, such minting activities often precede increased trading volumes as investors utilize the newly injected liquidity in the markets. The influx of stablecoin liquidity typically enhances overall market conditions in the cryptocurrency space, offering support during times when traditional financial markets are underperforming.
In a separate analysis, CryptoQuant contributor Joao Wedson highlighted a concerning decline of nearly $2 billion in the total value locked (TVL) within lending protocols on Tron. This decline in TVL noticeably contrasts with the rising price of TRX, creating a divergence that presents intriguing questions for investors. Wedson remarked that historically, decreases in TVL within Tron’s lending platforms have been associated with price increases for TRX, as seen in early 2024.
However, the current situation, where TRX continues to appreciate despite a significant drop in lending protocol activity, may indicate shifts in investor strategies or potential structural changes within the network's financial ecosystem.
