Justin Sun’s TRON Inc. has completed a Nasdaq listing through a reverse merger with Special Purpose Acquisition Company SRM Entertainment. The blockchain entity now trades under the ticker symbol TRON, representing a significant milestone in cryptocurrency market maturation.
TRON Inc. holds the largest publicly disclosed TRX token portfolio, with its market capitalization reaching approximately $29.8 billion. This valuation surpasses Cardano (ADA), positioning TRON as a major player in the blockchain sector and signaling heightened institutional confidence in the project’s viability.
Market analysts note TRX is consolidating within an ascending price channel. Technical indicators suggest a potential bullish breakout could occur if prices sustain above the critical $0.34 threshold. A confirmed daily close above this level may propel TRX toward $0.40, while failure to hold the $0.30 support could prolong consolidation patterns.
The Nasdaq listing enhances TRON’s market transparency and corporate positioning, attracting increased investor attention to the project. This move effectively bridges traditional finance with blockchain innovation, offering improved regulatory visibility and institutional accessibility for the cryptocurrency ecosystem.