Tron Partners with SRM Entertainment to Pursue Public Listing

Tron (TRX) is attracting investor interest due to a strategic agreement with Nasdaq-listed SRM Entertainment. The deal includes SRM acquiring Tron tokens, rebranding as "Tron Inc.," and onboarding Justin Sun as an adviser, moving Tron closer to potential public trading.

Key points include:

Tron's total daily energy consumption increased by 108% year-over-year, reaching 200 billion energy units.
80% of this demand stems from staked TRX, indicating strong user engagement.
Despite geopolitical tensions affecting the crypto market, Tron's fundamentals show resilience.
TRX recently corrected 9% from a high of $0.295, now testing support near $0.2730.
The price remains above the 50-day moving average, reflecting bullish long-term trends.
A break above $0.295 could lead to a rise toward $0.32; failure to maintain support may cause further declines.

The divergence between on-chain activity and price performance suggests that current volatility reflects broader market conditions rather than Tron's fundamentals.