TRX Gears Up for Breakout as Tron Inc. Goes Public—Is $0.32 the Launch Point?

TL;DR

• TRON forms ascending triangle near $0.32, signaling rising trader interest and potential breakout.
• Daily transactions exceed 9 million, reflecting stronger usage across TRON’s blockchain ecosystem.
• Tron Inc. now trades on Nasdaq and holds 365M TRX, leading all public TRX holders.

TRON Nears Key Price Level With Growing Support

TRON (TRX) was trading at $0.31 at press time, up 3.20% in the past 24 hours and 6.5% over the past week. The price is now approaching the $0.32 mark, which traders have identified as an area of resistance. Market data shows a pattern of higher lows forming just below this level.

Charts tracking the TRX/USDT pair show an ascending triangle setup, often watched by traders looking for breakouts. CryptoQuant analyst CryptoOnchain points to this structure as a sign of steady demand from buyers. If price breaks above $0.32 with strong volume, it could suggest more upside in the coming weeks.

Source: CryptoQuant

Activity on the TRON Network Rises

Daily transaction counts on the TRON network have passed 9 million. This type of usage has remained high, with the 100-day average for transactions approaching record levels, according to CryptoQuant.

Meanwhile, the data suggests that more users are active on the network. The growth comes as more people use TRON-based services, including stablecoin transfers and decentralized applications. This level of traffic has in the past supported stronger price moves.

Source: CryptoQuant

Tron Inc. Becomes Largest Public TRX Holder

SRM Entertainment has changed its name to Tron Inc. and will now trade under the ticker $TRON on Nasdaq. The company has moved away from its earlier entertainment focus to concentrate on building a crypto treasury, with an emphasis on TRX.

Moreover, Tron Inc. currently holds over 365 million TRX, making it the largest public company with exposure to the token. A $100 million equity raise supported the shift, and Justin Sun has joined as a strategic advisor. The company’s stock rose 53% after the rebranding and is up over 2,200% in the last six months.

SRM Entertainment Rebrands as Tron Inc., Adopts ‘TRON’ Ticker!

SRM Entertainment, Inc. $SRM has officially rebranded as Tron Inc., marking a full strategic pivot into crypto treasury management and starting today, it will begin trading under the new ticker $TRON on @Nasdaq.… pic.twitter.com/69KTtNz6SW

— Crypto Miners (@CryptoMiners_Co) July 17, 2025

On June 29, users sent more than $6.94 million in USDT through TRON. During the same period, Ethereum saw $1.31 million in USDT transfers. The data points to increased use of TRON for lower-cost transactions.