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Can Tron Price Surge 60% and Revisit December Highs?)
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Tron price remained consolidated on Tuesday as investors reflected on the new public listing news.
Tron (TRX) was trading at $0.2790, a few points above this week’s low of $0.2670. It has risen by almost 40% from its lowest level this year.
The biggest Tron news is that it will execute a reverse merger with SRM Entertainment, a company that sells branded toys. Dominari Securities, a company with ties to the Trump family, is arranging this merger.
The merger will see SRM accumulate TRX tokens, mimicking the strategy of Strategy, which transformed from a small tech company into the largest Bitcoin (BTC) holder. Strategy’s market capitalization has soared from $1 billion in 2020 to $105 billion today.
The deal comes after the successful
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