Tron (TRX) is preparing to go public in the U.S. through a $210 million reverse merger with Nasdaq-listed SRM Entertainment, pushing TRX's price up by 10% to around $0.29. The newly formed entity, Tron Inc., plans to hold significant TRX reserves much like MicroStrategy's bitcoin strategy. This move follows increased regulatory leniency after the SEC dropped fraud charges against Tron founder Justin Sun.
Tron has exhibited strong fundamentals, generating $55.7 million in revenue over the last 30 days and dominating stablecoin transaction flows with $694.5 billion in USDT transferred during May. Nearly 60% of this volume came from whale-sized transactions. TRX's total USDT supply surged 36% in six months, surpassing Ethereum in stablecoin supply and daily volume.
Despite Tron’s robust stablecoin ecosystem, its decentralized exchange (DEX) volume remains lower than many competitors, ranking 11th with $3.65 billion monthly volume. Tron processed $121.2 billion worth of token transfers in May alone, signaling growing institutional demand and positioning the network as a key layer for global digital payments.
If TRX breaks resistance above $0.30, it could target $0.45 and potentially $0.50 amid rising institutional exposure and political backing linked to figures such as Eric Trump. The involvement of Dominari Securities and strengthened ties between Sun and the Trump family add further momentum as the crypto sector sees renewed interest from traditional markets following Circle’s IPO.