TRX Slides 2.8% After Tron’s $100M Nasdaq Merger, $210M Treasury Plan Spurs Volatility

TRXUSDT experienced a 2.80% price decline over the past 24 hours, with the current price at $0.2705 on Binance, down from a 24h open of $0.2783. The recent price movement follows the high-profile announcement of Tron's reverse merger with Nasdaq-listed SRM Entertainment to form Tron Inc., which includes a $100 million private equity investment and plans to allocate up to $210 million in TRX for its treasury. While this news initially led to a brief uptick in TRX's price, the market has since consolidated, likely due to profit-taking and cautious sentiment as investors assess the long-term impact of the merger, the paused SEC investigation, and the new treasury strategy. TRX remains highly liquid, trading on over 1,100 markets with a 24-hour volume of $1.54 billion and a market cap around $24.12 billion, reflecting strong global trading activity despite short-term volatility.