- TRX surpasses DOGE as eighth-largest crypto by market cap, driven by real-world stablecoin usage and political backing.
- Justin Sun’s talks with Bo Hines on US digital assets policy boost Tron’s regulatory credibility and institutional appeal.
Justin Sun’s recent talks in Washington have pushed Tron’s token, TRX, past Dogecoin to become the eighth‑largest cryptocurrency by market cap. The climb reflects more than just social media buzz. TRX now ranks above Dogecoin on the strength of real‑world use cases and growing on‑chain activity.
🚨 TRON Flips Dogecoin! $TRX overtakes $DOGE to become the 8th-largest crypto by market cap — now at $25.9B vs. Doge’s $25.1B.
Surging $USDT flows, global adoption, and a $210M reverse merger IPO are pushing Tron into the big leagues. Utility > memes.#TRX #WiseCrypto #TRX… pic.twitter.com/DGoOKMIsB6
— Wise Crypto (@WiseCrypto_) June 20, 2025
Sun met with Bo Hines, the executive director of the President’s Council of Advisors on Digital Assets, to discuss U.S. leadership in cryptocurrency. He thanked U.S. officials for advancing the GENIUS Act, which aims to regulate stablecoins. This political backing adds credibility to the Tron network and has sparked renewed optimism among investors.
It was a pleasure meeting @BoHines to discuss how TRON and blockchain technology can support U.S. leadership in digital assets. Your support for the GENIUS Act has helped accelerate much-needed progress in crypto legislation. Grateful to @DSAForg for facilitating these important… pic.twitter.com/WiHxBCEydR
— H.E. Justin Sun 🍌 (@justinsuntron) June 19, 2025
Meanwhile, Tron finalized a reverse merger with SRM to enter public markets. This gives Tron a transparent valuation and opens the door for institutional capital. As a result, TRX’s market presence on Wall Street has grown, drawing fresh flows into the token.
Data from CryptoQuant shows that Tron handles over 65 percent of on‑chain USDT activity. Binance alone settles between $2 billion and $3 billion in USDT transfers daily on Tron. Low fees and fast confirmations make USDT on Tron a preferred choice for payments in both developed and emerging economies.
Moreover, firms such as WLFI have begun partnering with Tron for stablecoin issuance, further cementing TRX’s utility. These integrations extend Tron’s reach beyond speculation, turning TRX into a core component of global payment rails.
In short, TRX’s rise above Dogecoin signals a shift in market focus toward tokens with clear use cases. Should Tron sustain this momentum, TRX could hold its new rank by delivering on the payment solutions that users and institutions now demand.
TRX (Tron) is currently trading at $0.2789, showing relative strength in a broadly bearish altcoin environment. Over the past 24 hours, the token has moved modestly, and on a weekly basis, it’s down slightly by -0.98%.
However, its monthly performance is up by +2.38%, and on a 12-month basis, TRX has rallied over +137%, making it one of the top-performing large-cap Layer 1 assets over the past year. From a structural view, TRX is trading near its cycle highs, well above the lows seen in late 2022, and remains technically resilient.
On the technical front, TRX continues to consolidate within a rising channel, with clear support in the $0.25–$0.26 range, and resistance forming near $0.30–$0.32. If bulls manage to break through that upper band with strong volume, targets at $0.36–$0.40 may become achievable in the short term.
Technical indicators like RSI and MACD show neutral-to-bullish momentum, while long-term moving averages continue to slope upward, reinforcing the trend.
Fundamentally, Tron remains one of the most actively used blockchains in the crypto space, particularly due to its role as a dominant network for stablecoin (USDT) transfers. The vast majority of Tether’s volume — over 50% — flows through Tron due to its high speed and negligible fees.
This continues to support strong on-chain metrics and usage demand for TRX, especially in Asia and Latin America where Tron is heavily integrated into exchanges, wallets, and merchant platforms.
In terms of recent updates, Tron founder Justin Sun has continued diplomatic and development efforts to promote the Tron ecosystem globally. As of this week, the Tron DAO has launched a new funding round for infrastructure and AI-on-chain startups, furthering its pivot toward smart economy applications.
There is also renewed interest in Tron’s integration with national-level blockchain pilots, particularly in the Middle East, although no official government deals have been confirmed yet.
Meanwhile, the Tron ecosystem is expanding into DeFi and RWA tokenization via its partnerships with JustLend, SUN.io, and stUSDT, which together are building a stable-yield environment that mimics traditional fixed income on-chain.
