🚀 **Latest TRX News & Market Update** 🔥
**Key Developments**
1. **#TRON ’s U.S. Public Listing Plans**
- TRON aims to go public via a reverse merger with Nasdaq-listed **SRM Entertainment**, managed by Dominari Securities. The new entity will hold $210M in TRX tokens, mirroring MicroStrategy’s Bitcoin strategy. #TRX surged **9%** post-announcement .
2. **Whale Activity Surge**
- Large transactions (whale moves) spiked **145%** in 24 hours, totaling **1.25B TRX** ($337M), coinciding with a $627M crypto market liquidation event. TRX dipped slightly to **$0.268** but showed resilience .
3. **Justin Sun’s Teased Announcement**
- A cryptic tweet from founder Justin Sun sparked speculation, driving an **8.2% TRX price surge** and a **35% volume spike**. Historically, such teasers precede major partnerships or upgrades .
4. **Technical Outlook**
- **Bullish Pattern**: TRX charts show a "cup and handle" formation. A breakout could target **$0.36** .
- **Critical Support**: Holding **$0.261** is vital. A break below may trigger a drop to **$0.24** .