Justin Sun Lauds USDT Supply Surpassing $50 Bln On TRON Network
In an exciting curve of events, the TRON community appears to have showcased a burst of breakthroughs across the broader crypto market on Saturday, as TRON founder Justin Sun spotlighted the community’s staggering developments within the crypto world. As seen in a recent post by Justin on the social media platform X, the Chinese-born Grenadian cryptocurrency entrepreneur congratulated the TRON community for jotting a noteworthy increase in USDT circulation supply on the Tron network.
Notably, as per Sun’s statement, the community now has over $50 billion USDT on Tron’s circulation, for the first time, propelling market optimism for its token. Meanwhile, the TRON price also surged remarkably, mirroring the community’s significant headway.
USDT On TRON’s Circulation Scales New Heights
As unveiled by Sun’s post on X, Tether’s total supply amounted to 50.82 billion USDT as of writing, with a whopping 36.46 million holders on the TRON blockchain. Furthermore, the stablecoin’s liquidity on DEXs also noted a marginal jump, reaching $63.76 million today, January 13.
With this, the TRON community seems to have advanced further with its cryptographic venture over the crypto horizon. Coinciding with the progress, Sun also stressed the community’s pivotal contribution leading to this achievement.
Moreover, in his post, the TRON founder illuminated another potential goal to be achieved soon by the token’s commune. Aligning with this, Sun proclaimed that the goal of issuing $100 billion on TRON stablecoins will be achieved shortly. This seems to have further piqued notable interest among crypto market traders and investors globally, propelling market optimism for the token.
Also Read: Binance Dethroned As Indian Traders Flock To Local Firms Amid Regulatory Scrutiny
TRON Price Surges
As of writing, the TRON price showcased a remarkable surge of 5.73% over the past 24 hours and is currently trading at $0.113. Furthermore, the trading volume also portrayed a prompt jump of 57.11%, mimicking the community’s monumental achievements.
Also Read: Solana Wallet Drainers Deploy New Tactic To Appear Trustworthy
- Crypto Market Correction Intensifies As S&P 500, Dollar Index Enter Dangerous Territory
- BitGo To Follow Gemini’s Footsteps With US IPO After 4x Revenue Surge
- Michael Saylor Predicts Bitcoin Will Outperform S&P 500 Forever
- Crypto Market Eyes Upside as FTX Set to Repay $1.6B to Customers
- Elon Musk’s X Vows Crackdown on Bribery Network Behind Crypto Scam Accounts
- Chainlink Price Prediction: Whales Scoop 2M LINK as Analysts Eye 184% Breakout Rally
- Shiba Inu (SHIB) Price Prediction: Massive SHIB Burn and 80-Week Cycle Mirroring Past Rallies: Will History Repeat?
- Cardano Price Stays Above Ichimoku Cloud as Grayscale ADA ETF Approval Nears
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
