{"id":3785,"date":"2025-06-23T17:43:15","date_gmt":"2025-06-23T17:43:15","guid":{"rendered":"https:\/\/bitunikey.com\/news\/tron-jumps-after-1b-usdt-mint-as-nasdaq-listing-draws-closer\/"},"modified":"2025-06-23T17:43:21","modified_gmt":"2025-06-23T17:43:21","slug":"tron-jumps-after-1b-usdt-mint-as-nasdaq-listing-draws-closer","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/tron-jumps-after-1b-usdt-mint-as-nasdaq-listing-draws-closer\/","title":{"rendered":"Tron jumps after $1b USDT mint as Nasdaq listing draws closer"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The Tron ecosystem is getting ready for a major change as Jason Sun\u2019s firm prepares for a Nasdaq listing. <\/p>\n<p class=\"is-style-default\">Tron (TRX) is recovering from monthly lows at $0.2592, with a sharp rise to a daily high of $0.2722. The rebound comes after Tether minted another $1 billion in USDT on Tron on Sunday, June 22, to replenish its inventory.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcb5 \ud83d\udcb5 \ud83d\udcb5 \ud83d\udcb5 \ud83d\udcb5 \ud83d\udcb5 \ud83d\udcb5 \ud83d\udcb5 \ud83d\udcb5 \ud83d\udcb5 1,000,000,000 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/USDT?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">#USDT<\/a> (1,001,400,000 USD) minted at Tether Treasury<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/NG771Y2hPN\" target=\"_blank\">https:\/\/t.co\/NG771Y2hPN<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/whale_alert\/status\/1936808341361115251?ref_src=twsrc%5Etfw\" target=\"_blank\">June 22, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>As a result, traders are closely watching for bullish signals, including the increasingly frequent Tether mints. The most recent one before this occurred on June 9, when Tether minted another $1 billion on the network.<\/p>\n<p>The move coincided with growing activity on Tron. According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/683f0db8e3eb5c1155390832-Analysis-of-Daily-Active-Addresses-and-TRX-Price-on-Tron-Network-All-Time-Highs-\" target=\"_blank\">CryptoOnchain<\/a>, the 50-day and 100-day moving averages of active addresses reached their highest levels to date. At the same time, the network recorded 30% more transactions compared to February.<\/p>\n<p>While USDT mints have happened before, they suggest that Tether anticipates increased stablecoin demand on the Tron network. Combined with Tron\u2019s recent public listing announcement, the developments paint a bullish narrative for the token.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">What\u2019s next for Tron\u2019s price? <\/h2>\n<p>Tron quickly bounced back after testing the support at $0.26, which coincided with the high-timeframe support. However, the latest dip also broke the trend where Tron achieved higher highs and lower lows. Still, the overall structure remains strong, with a potential path to $0.31. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Justin Sun\u2019s company, Tron, which plays a key role in the Tron Network, will soon list on Nasdaq through a reverse merger. Interestingly, the SRM\u2019s public offering was <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/06\/16\/justin-suns-tron-goes-public-reverse-merger-led-by-trump-linked-bank.html\" target=\"_blank\">facilitated by Dominari Securities<\/a>, a company with Donald Trump Jr. and Eric Trump on the advisory board.<\/p>\n<p>Sun, who once faced charges by the U.S. Securities and Exchange Commission, now has close ties to Donald Trump\u2019s family. For one, Sun invested at least $97 million in Donald Trump\u2019s memecoin (TRUMP), in a bid to become the biggest holder.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Tron ecosystem is getting ready for a major change as Jason Sun\u2019s firm prepares for a Nasdaq listing. Tron (TRX) is recovering from monthly lows at $0.2592, with a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=3785"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3785\/revisions"}],"predecessor-version":[{"id":3787,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3785\/revisions\/3787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3786"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}