Tron (TRX) price holds firm above its support level, trading around $0.247 at the time of writing on Tuesday, with a potential upside target of $0.260 if the support level continues to hold.
TRON DAO network activity has increased in the last week, facilitating over $1.2 billion worth of Tether (USDT) inflows to crypto exchanges in the last seven days. The surge occurred amid the anticipation of reciprocal tariffs announced by United States (US) President Donald Trump on April 2.
In an X post on Wednesday, TRON founder Justin Sun accused Hong Kong-based financial institution First Digital Trust (FDT) of being insolvent, causing its FDUSD stablecoin to briefly drop below its US Dollar (USD) peg.