Tron’s reverse merger is backed by a $210 million fund; stablecoins flooding in ignite bullish sentiment.
Nasdaq listing plan accelerates: $210 million TRX fund provides support.
Tron Group is racing to the US stock market through a reverse merger with Nasdaq-listed SRM Entertainment, with founder Justin Sun announcing the establishment of a $210 million TRX special fund to support the daily operations of Tron Inc.
This plan has received underwriting support from Dominari Securities — an institution that has previously had business dealings with Trump’s political circle, adding attention to Tron’s compliance process.
According to the disclosure, the special fund will operate by locking up TRX tokens, aiming to demonstrate the financial stability of blockchain projects to traditional investors.
This move is seen as a key step for Tron to transition from cryptocurrency to a compliant publicly listed company, potentially breaking the valuation bottleneck for blockchain project listings.
1.38 billion stablecoins pour in! Tron’s on-chain activity surpasses Avalanche.
On-chain data shows that the Tron network has seen a net inflow of $1.38 billion in stablecoins (USDT/USDC) in the past 7 days, with daily active addresses and transaction amounts both exceeding Avalanche, making it one of the most active public chains currently.
IntoTheBlock data indicates that the number of active addresses per dollar of stablecoin is showing a sustained growth trend, demonstrating that retail and institutional investors are accelerating their positions.
Spot market data further confirms bullish sentiment: TRX's 90-day accumulated transaction volume difference (Buy-Sell Delta) remains positive, with buyer strength significantly suppressing sellers.
Technical indicators show that TRX has formed a solid bottom at the $0.27 support level; if it breaks through the $0.31 resistance level, it may start a new wave of upward momentum.
Will the listing open up traditional capital entry?
Analysts point out that if the reverse merger succeeds, Tron will become one of the few blockchain projects with a publicly listed company status in the US stock market, providing compliant investment channels for traditional asset management institutions like Grayscale and Fidelity.
Historical cases show that the asset securitization effect similar to Coinbase's listing may drive TRX into mainstream investment portfolios.
However, market doubts remain: the previous exposure by ZachXBT regarding the '5-10 billion black U market' allegations has not been clarified, and if regulators focus on on-chain fund compliance during their review, it may delay the listing process. Investors need to closely monitor the SEC's changing regulatory stance on cryptocurrency listed companies.
