TRX Surges 2.65% as Tron Announces $210M Contribution and US Public Listing via SRM Merger

TRXUSDT experienced a 2.65% price increase over the past 24 hours, primarily driven by the announcement that Tron will go public in the United States through a reverse merger with SRM Entertainment, which generated significant market attention and a surge in trading activity. Additional catalysts include Tron's plan to contribute up to $210 million in TRX tokens to the new public entity, the anticipated involvement of Eric Trump, and Tron's continued dominance in global stablecoin flows. Technical momentum was further supported by TRX breaking above key resistance at $0.26, with bullish sentiment reflected in increased trading volume and a "Greed" reading of 61 on the Fear & Greed Index.

Currently, TRX is trading at $0.2785 with a 24-hour opening price of $0.2713, a market capitalization of approximately $26.24 billion, and a 24-hour trading volume of $1.54 billion, ranking #8 by market cap and showing its strongest daily momentum in recent months.