Tron Inc. sets Nasdaq debut after SRM merger as TRX overtakes ADA to ninth place
Main Idea
Tron Inc. is set to debut on Nasdaq following a reverse merger with SRM Entertainment, while its cryptocurrency TRX surpasses Cardano (ADA) to become the ninth-largest by market cap, driven by a 30% surge in trading volume and a 70% reduction in transaction fees due to its Gas-Free feature.
Key Points
1. Tron Inc. finalized a reverse merger with SRM Entertainment and will list on Nasdaq under the ticker 'TRON', with Justin Sun serving as Global Advisor and ringing the opening bell.
2. TRX overtook Cardano (ADA) to rank ninth in global cryptocurrency market cap, reaching $29.7 billion, with a 1.62% price increase and 30% rise in daily trading volume to $1.64 billion.
3. The introduction of the Gas-Free feature in early 2025 reduced TRX transaction fees by 70%, from 2.47 TRX to 0.72 TRX weekly average, boosting network adoption.
4. Justin Sun aims for TRON to join the Nasdaq 100 Index within three years, alongside companies like Apple, Nvidia, and Google.
5. CEO Rich Miller described the Nasdaq listing as a 'powerful move' focused on long-term shareholder value.
Description
Tron Inc. finalizes SRM merger and prepares Nasdaq listing under ticker “TRON.” TRX ranks ninth in global rankings with a $28.8B market cap and 30% volume surge. Gas-Free feature reduces TRX transaction fees by 70%, boosting network adoption. Tron Inc. is preparing to list on Nasdaq through a reverse merger while TRX moves up the crypto market table, edging past Cardano. The company stated it will trade under the ticker “TRON,” and mark the event with an opening-bell ceremony in Times Square. At...
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