TRX Token Holds $25.96B Market Cap as SRM Merger, SEC Pause Drive $943M Volume Surge

TRXUSDT traded lower over the last 24 hours, with the price declining by 2.57% to $0.2727 (Binance data), despite significant news regarding SRM Entertainment's announced reverse merger with TRON and plans to rebrand as Tron Inc., hold up to $210 million in TRX tokens, and appoint Justin Sun as an advisor. While these developments, along with the SEC pausing its investigation into Tron, generated increased trading volume and market attention, the price failed to break resistance levels, likely due to profit-taking, broader market consolidation, and uncertainty about the sustainability of using TRX as a corporate treasury asset. TRX remains ranked #8 by market capitalization at approximately $25.96 billion, with 24-hour trading volume near $943 million, and sentiment indicators showing a neutral-to-bullish outlook amid ongoing corporate restructuring news.