Tron (TRX) Price Increases 4.2% Amid Rising Stablecoin Demand
Tron price increased by 4.2% on July 29, reaching $0.33, diverging from a correction in major altcoins like Sui and Avalanche.
Factors influencing Tron’s performance include:
- Increased demand for stablecoins.
- TRC-20 stablecoin supply rose from $81.7 billion to $82.7 billion as of July 28.
- Traders rotated into stablecoins amid an altcoin market correction.
Tron Network Stablecoin Flows | Source: Tronscan, July 29, 2025
The U.S. Federal Reserve's upcoming meeting is crucial, with a 97% probability of pausing interest rates according to the CME FedWatch tool. Political uncertainty exists due to recent comments from Donald Trump regarding the Fed.
CME Group Fed Watch Tool Prices In 96% Chance of Rate Pause | July 29, 2025
This scenario may lead to a "flight to safety" in crypto, benefiting TRX due to its prominence in the stablecoin sector.
For investors seeking exposure to Bitcoin, the BTC Bull Token (BTCBULL) presale has raised over $8.4 million USDT, offering staking rewards.
