Tron’s Staking Surge: Ledger’s New Gamble!

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Lo! The price of TRX $0.32 experienced a rare 1.8% ascent on Thursday, October 16, emerging the only top 10 ranked cryptocurrency trading in green. 🐰 TRON’s standout performance coincides with the launch of TRX staking on Ledger, one of the world’s largest crypto storage platforms. A marvel of modern alchemy, indeed! 💰

In a post on X, TRON-based DeFi protocol Yield.Xyz confirmed that millions of Ledger users can now stake TRX directly from their hardware wallets. A feat as daring as a squirrel climbing a tree! 🐿️

TRX staking is available globally in Ledger Live today.

Stake directly from your hardware wallet, and let handle the complexity.🔗

– Yield.xyz (@yield_xyz) October 16, 2025

TRON founder, Justin Sun confirmed the move in a press release shared with Coinspeaker, emphasizing safety and inclusion as key strategic targets for the integration. A noble pursuit, though one might wonder if the “complexity” is merely a euphemism for “confusing.” 🧠

“By combining Yield.Xyz’s infrastructure with Ledger Live’s trusted platform, we’re bringing enterprise-level staking to users everywhere and strengthening TRON’s role as a leading network for secure and scalable global adoption,” said TRON founder, Justin Sun.

Tron (TRX) trading up 1.9% after announcing TRX staking on Ledger, on Thursday, Oct 16, 2025 | Source: Coinmarketcap

Serafin Lion Engel, Founder of Yield.Xyz, also lauded the combination of liquidity provision and leveraged strategies, all accessible through a single platform. A utopia for the financially inclined! 🌟

According to official details, the integration also introduces dual reward streams for TRX stakers, allowing both block and vote rewards to be distributed natively. A double dose of dopamine for the crypto crowd! 🎯

Markets reacted positively, with TRX rising 1.8% to $0.32, becoming the only top 10 cryptocurrency trading in green on Thursday. 🌟 According to CoinMarketCap, Solana SOL $185.3 and Ripple XRP $2.33 led the losers as Bitcoin BTC $108 263 retraction below $109,000 soured market sentiment around top Layer-1 altcoins. A tale of two markets! 🤡

TRX Price Action Benefits From Stablecoin Rotation

With the US government shutdown extending into another week, risk-off sentiment has pushed investors toward Gold (XAU) and US equities, while the crypto market remains subdued following the $19 billion liquidation event on October 11. TRON historically benefits from heavy stablecoin rotation during weak market sentiment. A paradoxical comfort, like a warm blanket in a storm. ☁️

According to Coindesk data, Tron processes over $21.5 billion in daily Tether USDT $1.00 transfers, the world’s largest stablecoin network where it held nearly 28% market dominance as of June 2025. A titan in the realm of digital gold! 🏆

Global stablecoin market capitalization rises 0.4% to $312.6 billion | Source: Coingecko

According to Coingecko, the global stablecoin market cap rose 0.4% to $312.6 billion, driven by increased TRON-based USDT issuance. Combined with new staking participation from Ledger’s user base, increased on-chain activity from stablecoin demand intensifies buy-side pressure on TRX, insulating it from downswings seen in top layer-1 altcoin markets on Thursday. A rare beacon of hope in a sea of chaos! 🌊

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2025-10-17 00:12