- Tron Group is planning to become public in the US due to a reverse merger with Nasdaq-Gente SRM entertainment.
- The activity on the TRX chains, with $ 1.38 billion stabilecoin intake and buyers who maintain dominance.
Tron Group, led by Crypto entrepreneur Justin Sun, will become public in the United States. The group has requested an IPO through a reverse merger with SRM Entertainment, a company that is already mentioned on the Nasdaq.
The coming list is supported by $ 210 million in TRX -Tokens, reserved for the activities of Tron Inc. to finance as reported by a reputable analyst on X (formerly Twitter).
Interestingly, this step is supported by Dominari Securities, a broker dealer who was previously linked to the political circles of Donald Trump.
The strategic step is intended to strengthen the position of TRX for IT -rivaling networks as a global blockchain infrastructure provider.
Stablecoin activity points to the trust of investors
In the last seven days, the tron [TRX] Blockchain has witnessed an inflow of $ 1.38 billion in stablecoins – especially USDT and USDC. The milestone inflow pushes Tron for avalanche in terms of trading activity.
The activity on the chains of Tron has reflected the recent increase in the intake of stablecoin. According to Data from Intotheblock, the number of active addresses per dollar has shown a steady, moderate increase.
This signals a renewed level of involvement of both retail participants and institutional players on the Tron network.
But that’s not all …
Source: Intotheblock
Buyers still in the lead
Tron’s market sentiments still paint a bullish bias. According to Spotmarkt data, the cumulative Delta of 90 days indicates that buyers continue to dominate.
The metric, which records the momentum behind the transactions, supports the view that current market participants are expecting a further bullish run.
Source: Cryptuquant
What does the developments for the Tron ecosystem mean
TRX’s near-Middelange prospects seems promising, fueled by strong stablecoin inflow, steady purchase interest and its recent IPO entry.
If the proposed reverse merger continues smoothly, this traditional investors can offer a streamlined gateway to the Tron eco system.
As Tron Group progresses to become a listed entity, the attention of investors is intensifying, whereby the market keeps track of every development.