Can TRON (TRX) Price Hit ATH This Cycle Amid IPO Rumors?

Tron (TRX) is experiencing strong growth as the network prepares for a public launch through a $210 million reverse merger with SRM Entertainment on Nasdaq. This move has pushed TRX up 10% and positioned Tron Inc. following MicroStrategy's model by holding a large amount of TRX on its balance sheet.

Meanwhile, Tron is dominating the stablecoin flow, with $694.5 billion in USDT transfers in May and $55.7 million in monthly revenue—ranking just after Tether and Circle. With political support, a solid foundation, and increasing institutional interest, TRX may be preparing for a major breakthrough in this cycle.

Tron Will Go Public in $210 Million Merger as TRX Rises 10%

Tron is preparing to go public in the US through a $210 million reverse merger with SRM Entertainment on Nasdaq, pushing TRX up 10% to $0.29.

The newly established Tron Inc. will adopt a MicroStrategy-style strategy by holding a large amount of TRX on its balance sheet.

This move comes just months after the SEC temporarily suspended the fraud lawsuit against Justin Sun and signals increasing regulatory loosening under the crypto-supportive Trump administration.

Dominari Securities, closely connected to Eric Trump, is leading this deal. Trump is expected to take a leadership role at Tron Inc.

Sun has also tightened his relationship with the Trump family, reportedly investing in their DeFi project and attending crypto-related events.

With Circle's IPO still fresh, Tron's listing adds momentum to the wave of crypto companies entering the public market.

Tron Achieves $55.7 Million Revenue as USDT Activity Hits Record High

Tron remains one of the top crypto platforms generating revenue, recording $55.7 million in the past 30 days—ranking just after Tether, Circle, and Hyperliquid. In the past 24 hours alone, it brought in $1.34 million in revenue.

However, despite impressive revenue, Tron lags in decentralized exchange (DEX) trading volume. It ranks 11th among all chains, with $3.65 billion in DEX volume in the past month and only $40.4 million in the past 24 hours.

This gap shows that while Tron excels in stablecoin infrastructure and payments, its DeFi presence remains limited.

Tron continues to dominate stablecoin activity, with "whales" accounting for nearly 60% of the record $694.54 billion USDT transfers in May on the network.

Total USDT supply on Tron has increased 36% in the past six months—from $58 billion to $79 billion—solidifying its position as the top blockchain for stablecoin transactions. Currently, it has surpassed Ethereum in both supply and daily volume.

With over 2.4 million daily USDT transactions and $23.7 billion daily volume, Tron has become the leading network for large-scale stablecoin movement.

May also marked a record month for TRX, with 490.3 billion tokens transferred, equivalent to $121.2 billion. As institutional demand for stablecoins increases, Tron's growing volume suggests it is becoming an important layer for global digital payments.

Can TRX Reach $0.50 in This Cycle? On-Chain Strength Says Yes

TRX is currently trading about 62% below its all-time high, but recent momentum and structural developments suggest a potential breakthrough may be ahead.

If TRX price can break through the critical resistance level at $0.30, it could open opportunities for a move towards $0.45 and potentially $0.50 if the upward trend strengthens.

The reasons? Tron's $210 million reverse merger to go public on Nasdaq, connections with politically influential figures like Eric Trump, and a MicroStrategy-style strategy of holding large amounts of TRX—all position the token for increasing institutional exposure in this cycle.

Fundamentally, Tron is developing strongly. With $55.7 million in revenue over 30 days and a record $694.5 billion in USDT transfers in May—59% from large-scale transactions—the network is proving its dominance in the stablecoin sector.

TRX also reached an all-time high in monthly transfer volume, moving over $121 billion in token value in May alone.