TRX Surges 3.66% as SRM Entertainment Rebrands to Tron Inc., Unveils $100M TRX Strategy

TRXUSDT experienced a 3.66% price increase over the past 24 hours, rising from 0.3005 to 0.3115 USDT on Binance. This upward movement is primarily attributed to the announcement that SRM Entertainment has rebranded to Tron Inc. and will begin trading on Nasdaq under the ticker "TRON," reflecting its new focus as a TRON (TRX) treasury management company with over 365 million TRX staked. The involvement of TRON founder Justin Sun as an adviser and the company's $100 million TRX strategy have contributed to heightened investor interest and positive sentiment. Additionally, TRON's strong network fundamentals—including surpassing 320 million accounts, processing over 10.9 billion transactions, and maintaining a total value locked above $24.6 billion—have reinforced market confidence.

Currently, TRX trades at 0.3115 USDT with a 24-hour trading volume ranging from $667.92 million to $2.75 billion and a market capitalization of approximately $29.42 billion, ranking it among the top cryptocurrencies by market cap. The asset has shown robust trading activity and bullish momentum, supported by both technical indicators and recent corporate developments.