TRON Price Surges 10% as SRM Entertainment Invests $100 Million

TRON is experiencing a resurgence this week, with the TRX price approaching a significant breakout zone. This movement is accompanied by substantial developments within the TRON ecosystem, particularly from SRM Entertainment, which has brought renewed attention to the platform.

SRM Entertainment has launched a $100 million TRON treasury strategy, which includes staking 365 million TRX on the JustLend platform. This initiative follows the recent appointment of TRON founder Justin Sun as a strategic advisor to SRM, adding credibility and momentum to the project. SRM's new chairman, Weike Sun, aims to achieve up to 10% APY on the staked TRX. The company has also secured $210 million in strategic funding and made a $100 million equity investment to expand its TRON holdings. CEO Rich Miller highlighted TRON's leadership in cross-border settlements using dollar-pegged stablecoins, positioning it as a strategic choice for shareholders. Additionally, the team plans to rebrand the blockchain as "Tron Inc.," indicating a long-term commitment to the platform.

Analyst Crypto Patel described TRON as one of the most overlooked Layer 1 platforms. Patel noted that daily transaction volume on TRON has nearly doubled since September 2023, rising from 5 million to 9 million transactions per month. The increase in gas fees has also driven demand for TRX, as fees on the network are paid in TRX. Patel emphasized that TRON remains the leading chain for USDT transfers and has maintained low transaction costs, with a success rate exceeding 96%. This has attracted users across different market cycles, reinforcing TRON's long-term strength.

Technical analysis of the TRON 4H chart shows TRX trading near $0.2787, just below a descending trendline from early June. The price is testing resistance between $0.282 and $0.294, an area that has previously acted as a strong rejection point. Support is provided by the 50-period EMA around $0.2750, and the RSI stands at 63.72, indicating increasing bullish momentum. A clear breakout above $0.282 could propel TRX towards $0.30, while rejection could see support between $0.26 and $0.262. Traders are watching for a strong close above the trendline with substantial volume to confirm a shift into a more sustained uptrend. Currently, the price action is concentrated between $0.26 and $0.282.