TRX Token Surges 10% on $210M U.S. Listing News Before Pullback; Market Eyes Eric Trump Role

TRXUSDT experienced notable price volatility in the last 24 hours, primarily driven by news of Tron's planned public listing in the U.S. via a $210 million reverse merger with SRM Entertainment and the adoption of a crypto treasury strategy similar to MicroStrategy. The announcement, which includes significant developments such as Eric Trump’s expected leadership role, Justin Sun’s advisory appointment, and the SEC pausing its investigation into Tron, initially pushed TRX’s price up by approximately 10%. However, according to Binance data, TRX is currently trading at $0.2745, down 2.93% from the 24-hour open of $0.2828, indicating a pullback following the initial surge as the market digests the news.

TRX’s 24-hour trading volume stands at approximately $1.57 billion, with a market cap near $26.4 billion, ranking it #8 by market capitalization. Despite increased institutional attention and positive sentiment, TRX remains below its all-time high and is consolidating in the $0.27–$0.29 range, reflecting both renewed investor interest and ongoing market caution.