Quick Take
- Justin Sun met Donald Trump at a private dinner, sparking buzz over a potential TRX ETF.
- TRX traded tightly near $0.2680, despite media hype.
- World Liberty Financial, tied to Trump, has invested $10M in TRX.
- TRON dominates USDT transfers, hitting $118B in daily volume.
- Bullish breakout possible above $0.3112 resistance.
- TRON ranks as the 2nd most profitable blockchain in 2024.
Sun Meets Trump: A Crypto-Political Signal?
Justin Sun, founder of TRON, reportedly attended a VIP dinner with former U.S. President Donald Trump—marking their first in-person encounter.
“I wanted to discuss the future of cryptocurrency in the U.S.,” – Justin Sun, via The New York Times
While there’s no confirmation of a private one-on-one between the two, the meeting has fueled speculation. Why? Sun is not only a significant Trump Coin holder but also a major investor in World Liberty Financial, a Trump-linked crypto firm that has pumped over $10 million into TRX.
This connection has stirred talk of a spot TRX ETF, recently submitted by Canary Capital, potentially receiving favorable regulatory consideration—a significant leap for TRON in the U.S. crypto landscape.
TRON’s USDT Dominance & Network Power
Even without a price surge, TRON’s fundamentals are rock solid. The blockchain processed $118 billion in USDT volume in a single day, according to TronScan—putting it at the forefront of stablecoin activity globally.
In terms of profitability, TRON is the second-highest earning blockchain in 2024, with $1.3 billion in transaction fees, surpassing big names like Ethereum and Solana on select metrics.
Chart Watch: TRX Ready to Pop?
TRX is currently trading in an ascending channel that began in February, hovering just under the week’s high of $0.2805. It remains above the 50-day moving average, and the RSI is climbing, signaling bullish momentum.
Analysts are eyeing $0.3112 — the December swing high — as the next big resistance. A breakout above this could pave the way for a strong rally.
Final Thoughts
While TRX hasn’t reacted dramatically to the Trump-Sun headlines, the layers of institutional ties, ETF chatter, and network strength suggest a larger story is unfolding. If TRON continues this trajectory, the market may soon reward its underlying strength with a breakout.