TRX Drops 3.62% After SRM Entertainment Merger News; Investors Eye $0.26–$0.28 Support Range

TRXUSDT experienced a 3.62% price decline over the past 24 hours, currently trading at 0.2636 on Binance after opening at 0.2735. The price drop is primarily attributed to profit-taking and market consolidation following the recent surge driven by SRM Entertainment’s announcement of a reverse merger and rebranding as Tron Inc., along with a significant treasury shift toward TRX. While this development initially boosted TRX above $0.27, subsequent corrections have brought the price back to key support levels amid broader market volatility and cautious sentiment regarding the sustainability of recent gains. TRON’s 24-hour trading volume stands at approximately $862 million, with the asset maintaining a top-10 market cap position and consolidating in the $0.26–$0.28 range as investors await further direction.