TRX Surges 2.1% After $210M Nasdaq Reverse Merger News, Trading Volume Hits $1.7B

TRXUSDT experienced a 2.10% price increase over the past 24 hours, rising from a 24h open of 0.2717 to a current price of 0.2774 on Binance. This upward movement is primarily attributed to the announcement of Tron's $210 million reverse merger with Nasdaq-listed SRM Entertainment, which will take Tron public in the United States and has generated significant market interest and trading activity. Additional contributing factors include the suspension of the SEC investigation into Tron's founder and the network's continued strong on-chain activity, including over 7 million daily transactions and robust stablecoin flows.

TRX currently trades at 0.2774 with a 24-hour trading volume near $1.54–1.73 billion and a market capitalization of approximately $26.24 billion, positioning it as the 8th largest cryptocurrency. Despite the recent price uptick, TRX remains range-bound below the $0.28 resistance and is down 3.1% over the past week, with overall sentiment cautiously optimistic amid ongoing governance proposals and ecosystem growth.