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TRX trades near $0.335 amid $96B stablecoins on TRON; price depends on network use and ETF demand in October

Market News
05 Oct 2026
Crypto news
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Neutral
TRX trades near $0.335 amid $96B stablecoins on TRON; price depends on network use and ETF demand in October

TRX traded around $0.335 in early October despite nearly $96 billion in stablecoins on the TRON network. The price outlook for October hinges on whether increased network activity and demand from the newly launched Canary Capital staked TRX ETF lead to measurable token buying. The ETF's share count remained stable through September, indicating limited new inflows so far. A sustained price rise above $0.35 with growing ETF shares and network fees could push TRX toward $0.38-$0.40, while a drop below $0.32 might signal weaker demand and price declines.

TRX's market cap stands at Rp570.38 trillion as of Oct 05, 2026, 15:01 WIB, with a 24-hour trading volume of Rp5.31 trillion on Pluang. The token price is Rp6,030, showing a modest 0.43% increase in the last day. Despite this, Pluang order activity leans heavily toward selling at 73%, with typical holders keeping TRX for about 75 days. These figures provide a snapshot of TRX's current trading dynamics as the market watches for potential price movement beyond its narrow range.

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