TRX price

PANews reported on June 5 that according to SoSoValue data, the crypto market pulled back for the second consecutive day, with the Meme and DeFi sectors falling 3.59% and 3.72% respectively in 24 hours. AMONG THEM, WIF AND MARTCOIN BOTH FELL BY MORE THAN 9%, WHILE SPX ROSE BY 3.35%. DeFi projects UNI and ENA fell by 5.93% and 9.97%, respectively. Among the mainstream coins, ETH performed relatively firmly, falling only slightly by 0.28%, and remained around $2,600. BTC fell 0.91% to about $104,000. Sectors such as AI and Layer 2 also generally declined, with TRX and Keeta rising against the trend.

The TRON mainnet is about to reduce its output, what do you think? Recently, I've seen the proposal for TRON's output reduction (TIP-738) trending everywhere. As an old user who has witnessed quite a few mainnet adjustments, I can't help but want to share my thoughts. First, the key point: The voting for this output reduction proposal is expected to start on June 10. If approved, the block reward will be halved from 16 TRX to 8 TRX, and the voting reward will drop from 160 TRX to 128 TRX. On one hand, the income of super representatives will decrease, while on the other hand, the inflation rate of TRX will also slow down significantly. The logic behind the output reduction is not complicated: controlling new supply = increasing scarcity = long-term benefits for the coin price and network stability. However, the actual impact is often not so linear. From the perspective of network participants, this operation feels a bit like "paying less salary in hopes of increasing the company's stock price". Whether it can be accepted depends on each person's confidence and endurance. Will super representatives turn to other ecosystems due to reduced rewards? Will ordinary token holders feel that the deflationary expectations have strengthened and increase their holdings? These will take time to test. Interestingly, at the same time this proposal is being hotly debated, Sun has just appeared on the cover of Forbes, and in May, TRON's daily protocol revenue even broke $13 million—this chain's activity and revenue scale are indeed strong, and its user base is much more stable than many people imagine. So this output reduction is not only a "tightening" mechanism but also a step further for TRON towards becoming a "noble chain". Some worry that reduced incentives will shake the foundation, while others believe that it is precisely the output reduction that will allow value to begin to emerge. We may not be able to predict short-term price fluctuations, but we can observe whether this mechanism change will truly bring about stronger ecological stickiness and trust rebuilding. In the end, it's still that saying: Output reduction is not the end, but the beginning of choosing belief. @justinsuntron #TRONEcoStar #CookieSnaps #DeFi #SparkFi #SNAPS

PANews reported on June 5 that according to OKX market, the top tokens in the day are: LPT is now trading at $9.767, up 15.65% in the day; RPL is now trading at $6.653, up 6.18% on the day; TRX is now trading at $0.273, up 0.44% on the day; TON is now trading at $3.185, up 0.35% on the day; LEO is now trading at $8.974, up 0.23% on the day. In addition, the top intraday decliners were: RAY is now trading at $2.179, down 9.47% on the day; WIF is now trading at $0.884, down 8.19% on the day; CRV is now trading at $0.635, down 7.33% on the day; INJ is now trading at $12.028, down 6.98% on the day; W is now trading at $0.0765, down 6.67% on the day.

BTC is like waiting for rain in a drought. TRX is building irrigation. 🌱 TRON’s compounding yield, powered by smart DeFi strategies, hits different. JUST helps make this possible—on-chain, on point. Curious? Dive into the model👇 What’s your go-to DeFi growth strategy? 👀 #JUST #TRON #DeFi

the intern’s first meeting back from @TheBitcoinConf: