according to materials from the website - By Thecoinrepublic.com

On Thursday, when Tron Inc and Justin Sun rang the opening bell of the Nasdaq stock market at Times Square in New York, the TRON coin surpassed Cardano in market capitalization, becoming the ninth largest crypto asset.

This became one of many significant achievements of Justin Sun after close collaboration with the Trump family.

Notably, Sun has actively invested in the meme coin TRUMP and is associated with the Trump family's crypto firm World Liberty Financial.

TRON surpassed Cardano after the cryptocurrency market crash, with the price of TRX slightly decreasing compared to the 8% drop in the price of ADA.

At the time of writing, the TRON coin ranked ninth among cryptocurrencies with a market capitalization of over $29 billion.

Last week, TRON also reached a peak for 2025 amid continued growth in network activity. Additionally, stablecoin issuers prefer to issue tokens on the TRON network, indicating high demand and increased liquidity.

As reported by The Coin Republic, the supply of USDT exceeded $80 billion and accounted for over 50% of the total circulating supply. The network has become the dominant medium for stablecoin transactions.

Another factor contributing to the growth of TRON was the passage of the GENIUS Act. This marked the U.S. government's efforts to utilize stablecoins to strengthen the dominance of the dollar.

Moreover, the U.S. Securities and Exchange Commission (SEC) has ended its fraud investigation into Sun's companies. This contributed to a change in investor sentiment towards tokens and crypto projects associated with Justin Sun.

Lookonchain reported that the average weekly transaction fee decreased from 2.47 TRX to 0.72 TRX. This significant reduction, of more than 70%, occurred after TRON launched the gasless feature developed last year but launched in early 2025.

Tron Inc. (Nasdaq: TRON) rang the opening bell of the Nasdaq stock market on July 24, according to a press release. The ceremony was conducted by Justin Sun, the global advisor of Tron Inc.

This became an important milestone for the company, which has transitioned to next-generation technologies and digital innovations. The company holds the largest treasury portfolio of TRX.

The company SRM Entertainment changed its name to Tron Inc. as part of a securities purchase agreement with Justin Sun in mid-June. The company used a $100 million equity investment to launch a strategy for managing TRX treasury portfolios.

Additionally, the company announced strategic investments of $210 million to develop a significant strategy for managing TRON treasury portfolios. This emphasized the long-term goal of increasing shareholder value through innovation and strategic leadership.

On Wednesday, the price of TRON shares closed up 53.27% at $10.30. On Thursday in pre-market, the share price dropped 1.07% to $10.19.

During the market crash, the price of TRON fell by 2%, amounting to $0.3093 at the time of publication. The 24-hour low and high were $0.3012 and $0.3168, respectively.

Moreover, the trading volume in the last 24 hours increased by 70%, indicating high interest from traders.

In contrast, in the derivatives market, according to CoinGlass data, there was buying pressure on TRX tokens. At the time of publication, the total open interest in TRX futures increased by 1.76% to $500.92 million over the last four hours.
The token could rise to $0.40 amid significant events related to TRON and Justin Sun. Analysts have set a target price for TRX at $0.45 by September.

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