#TRX✅
📈 Price & Market Overview
Current price: ~$0.321 USD, up around +0.9% from yesterday
24‑hour trading volume: Approximately $600–1,070 million USD
Circulating supply: ~94.7–95 billion TRX, giving a market cap near $30.4 billion
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🔍 Technical Analysis
Investing.com currently issues a “Strong Buy” signal for TRX on daily, weekly, and monthly levels, supported by positive momentum indicators like RSI, MACD, ADX (~48), and others
FXLeaders reports TRX price sitting close to pivot (~$0.3148) with nearby support at ~0.313–0.310 and resistance near 0.316–0.318. Market conditions indicate weak trend strength and low volatility
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📰 Recent Developments
Spot TRX ETF Filing
Canary Capital has submitted a spot TRX ETF application to the U.S. SEC, including staking rewards options. If approved, it could unlock significant retail and institutional investment like prior Bitcoin and Ethereum ETFs .
TRX as Preferred Network for Tether (USDT)
Reports confirm that Tron now powers more than half of all USDT in circulation, surpassing Ethereum in stablecoin issuance and reinforcing its importance as a settlement network .
Planned IPO via Reverse Merger with SRM Entertainment
Tron founder Justin Sun is taking Tron public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment (to be renamed Tron, Inc.). The deal includes securing a $100 million token purchase and up to $210 million in financing. The SEC investigation into Sun was paused earlier in 2025 .
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🧭 Catalysts & Risks
Key Catalysts:
ETF approval → broader regulated access
Continued dominance in USDT settlements
Tron launching into public markets with significant capital inflows
Potential Risks:
Regulatory uncertainty remains around Justin Sun, despite the SEC pause
Reputation concerns: Tron has been flagged in relation to illicit flow usage, including UN and WSJ describing it as a preferred channel for crypto money laundering in 2024–25