Tron (TRX) held steady around $0.279 on Tuesday, following a 5% weekly gain amid growing institutional confidence and ecosystem expansion. The momentum was bolstered by SRM Entertainment’s completion of a $100 million TRON treasury initiative, involving the staking of 365 million TRX tokens. This strategic move not only underscores long-term faith in the Tron network but also aligns with broader trends in blockchain adoption and decentralized finance (DeFi) growth. Meanwhile, the total market capitalization of stablecoins on Tron surpassed $81 billion, signaling robust on-chain activity and increasing utility.
SRM Entertainment Finalizes $100M TRON Treasury Launch
On Monday, SRM Entertainment officially completed its $100 million TRON treasury launch by staking 365,096,845 TRX tokens via JustLend, Tron’s leading decentralized lending protocol. This substantial stake leverages both standard staking rewards and energy rental mechanisms, boosting annual yields to as high as 10%. The announcement contributed to a 1% uptick in TRX price on the same day, reflecting immediate market confidence.
This initiative follows SRM's earlier commitment to allocate $100 million toward building a strategic TRON treasury reserve—marking TRX as one of the first major non-Bitcoin and non-Ethereum assets to be adopted for corporate treasury purposes. As more companies explore blockchain-based treasury strategies, Tron is emerging as a competitive alternative due to its scalability, low transaction fees, and mature DeFi infrastructure.
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SRM Entertainment recently appointed Wei Ke Sun to Chairman of the Board and welcomed Justin Sun, founder of the TRON blockchain, to its Strategic Advisory Committee. These leadership moves reinforce the company’s deepening integration with the Tron ecosystem.
“The TRON treasury strategy continues to unlock new value for our shareholders. We expect SRM to benefit as blockchain technology gains broader global adoption,” said Rich Miller, CEO of SRM Entertainment.
Growing Ecosystem Strength: Stablecoin Market Cap Hits $81B
Beyond corporate treasury adoption, Tron’s underlying ecosystem is experiencing rapid growth. According to DefiLlama, the total market cap of stablecoins issued on the Tron blockchain reached a record high of $81.05 billion on Monday. This milestone reflects expanding use cases in payments, remittances, and DeFi applications.
The surge in stablecoin issuance indicates rising trust in Tron’s infrastructure and its ability to support large-scale financial operations. With major stablecoins like USDT (Tether) predominantly issued on Tron, the network has become a go-to platform for fast, low-cost transactions across global markets.
This increased on-chain value locked (TVL) and transaction volume strengthens the fundamental outlook for TRX. Higher demand for network resources drives greater utility for the native token, especially through bandwidth consumption, smart contract executions, and governance participation.
Technical Outlook: Can TRX Reach $0.296?
From a technical perspective, Tron price action shows promising signs of upward momentum. After rebounding from a key daily support level near $0.259 on June 22, TRX climbed 5% over the week and stabilized around $0.279 by Tuesday.
If bullish momentum holds, the next major resistance level lies at $0.296—a breakout above which could signal a stronger rally toward $0.30 or higher. The Relative Strength Index (RSI) currently stands at 56, above the neutral 50 threshold, indicating building bullish pressure.
Additionally, the Moving Average Convergence Divergence (MACD) on the daily chart generated a bullish crossover on Sunday, reinforcing the potential for continued upside. This technical setup suggests that buyers are gaining control after weeks of consolidation.
However, should profit-taking intensify or macroeconomic headwinds emerge, TRX may retest support near the 50-day Exponential Moving Average (EMA) at approximately $0.270. A sustained drop below this level could delay further gains and invite short-term volatility.
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Frequently Asked Questions (FAQ)
Q: What is SRM Entertainment’s TRON treasury strategy?
A: SRM Entertainment has allocated $100 million to build a strategic reserve of TRX tokens. By staking 365 million TRX via JustLend, they earn up to 10% annual yield while demonstrating long-term confidence in the Tron network.
Q: Why is Tron popular for stablecoin issuance?
A: Tron offers fast transaction speeds, near-zero fees, and a mature DeFi ecosystem—making it ideal for stablecoin transfers and large-volume financial operations. Over 70% of USDT supply is issued on Tron.
Q: What is the next price target for TRX?
A: The immediate resistance level is at $0.296. A breakout above this point could lead to further gains toward $0.30–$0.32, depending on market conditions and broader crypto sentiment.
Q: How does staking TRX generate returns?
A: Users can stake TRX directly or through platforms like JustLend to earn rewards in the form of additional TRX or energy credits. Combined with leasing mechanisms, yields can reach up to 10% annually.
Q: Who is Justin Sun’s role in recent developments?
A: Justin Sun, founder of the TRON blockchain, has joined SRM Entertainment’s Strategic Advisory Committee, strengthening ties between corporate investors and core blockchain developers.
Q: Is Tron considered a good long-term investment?
A: With growing adoption in DeFi, payments, and corporate treasury reserves, Tron presents compelling fundamentals. Its scalable infrastructure and strong stablecoin presence support long-term viability.
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Final Thoughts
The convergence of institutional backing from SRM Entertainment, expanding stablecoin dominance, and favorable technical indicators paints an optimistic picture for Tron’s future. As blockchain-based treasury strategies gain traction beyond Bitcoin and Ethereum, Tron is positioning itself as a scalable, efficient alternative for value storage and transfer.
With TRX holding above key support levels and momentum building toward $0.296, traders and investors alike are watching closely. Whether driven by yield-seeking stakers, DeFi users, or macro-level financial shifts, Tron’s ecosystem continues to grow stronger—one transaction at a time.