TRX Surges 2.78% as Tron Inc. Nasdaq Listing and $4M Trading Competition Drive Record Activity

TRXUSDT has risen 2.78% in the past 24 hours, with the current price at 0.3249 USDT and a 24h open of 0.3161. The price increase is primarily attributed to heightened market activity following the rebranding of SRM Entertainment to Tron Inc., which is now listed on Nasdaq and holds over 365 million TRX, making it the largest publicly traded corporate holder of TRX. Additional momentum comes from the ongoing TRON trading competition on Binance Alpha, featuring a $4 million rewards pool and reduced trading fees, as well as the recent minting of 1 billion USDT on the TRON network, which has boosted liquidity and trading volume. TRON’s network activity remains strong, with daily transactions exceeding 9 million and continued growth in decentralized application usage and stablecoin transfers. Overall, TRX is showing robust performance, supported by increased trading volume, a healthy market capitalization, and positive technical indicators as it approaches key resistance levels.