TRX Token Surges 4.13% on Whale Activity and $100M Tron-SRM Merger Announcement

TRXUSDT experienced a 4.13% price increase over the past 24 hours, rising from a 24h open of $0.2613 to $0.2721, according to Binance data. This upward movement is primarily attributed to heightened market activity following a cryptic announcement from TRON founder Justin Sun, which triggered an 8.2% intraday surge and increased speculation about potential major developments for the network. Additionally, a significant spike in whale transactions (+145%) and the recent merger announcement between Tron and SRM Entertainment, along with a $100 million strategic reserve investment, have contributed to positive sentiment and increased trading volumes. TRON remains one of the most actively traded cryptocurrencies, with a current market capitalization of approximately $25.04 billion, a circulating supply of over 94.8 billion TRX, and ongoing strong network activity, as evidenced by a recent doubling of daily transactions. The asset is trading near $0.2721, with support observed around $0.262 and resistance at $0.29, reflecting a neutral to slightly bullish market outlook.