TRX Volatility Spikes as $210M Reverse Merger and U.S. Entry Drive Trading Surge

TRON (TRX) experienced significant price volatility in the past 24 hours, primarily driven by the announcement of its $210 million reverse merger with SRM Entertainment to enter the U.S. market, the allocation of up to $210 million in TRX tokens for its treasury, and a $100 million equity investment. The SEC’s pause in its investigation into Justin Sun and indications of increased institutional and political involvement further boosted market interest, leading to a surge of up to 10% before consolidation. However, despite initial bullish momentum and strong trading volumes, TRX has retraced, with the current Binance price at $0.2737, reflecting a 2.15% decrease over the last 24 hours from an open of $0.2797. The asset remains range-bound but maintains elevated trading activity and a market cap of approximately $26.18 billion, with investor sentiment staying optimistic amid ongoing developments.