TRX Surges 4.15% as Tron Inc. Debuts on Nasdaq, Becomes Largest Public TRX Holder

TRXUSDT has experienced a 4.15% price increase over the past 24 hours, rising from a 24h open of 0.3035 to a current price of 0.3161 on Binance. This upward movement is primarily attributed to the rebranding of SRM Entertainment to Tron Inc., which now trades on Nasdaq under the ticker 'TRON' and holds over 365 million TRX tokens, making it the largest publicly traded corporate holder of TRX. The announcement of Tron Inc.'s strategic focus on blockchain treasury management and TRX accumulation, along with its stock price surge, has contributed to heightened market interest and positive sentiment. Additional factors supporting the price increase include robust network activity on the TRON blockchain, with daily transactions exceeding 9 million and significant USDT transfer volumes, as well as recent filings for a TRX-related ETF.

Currently, TRXUSDT is trading at 0.3161 with a 24-hour trading volume exceeding $1.3 billion and a market capitalization near $30 billion, reflecting strong market activity and positioning TRON among the top cryptocurrencies by market cap.