Will Tron (TRX) reach ATH in the current cycle amid rumors about IPO?

Tron (TRX) is gaining momentum as the network prepares to go public through a reverse merger valued at 210 million USD with SRM Entertainment on Nasdaq.

This move has pushed the price of TRX up by 10% and positioned Tron Inc. in a MicroStrategy-like model by holding a large amount of TRX on its balance sheet.

At the same time, Tron is dominating the stablecoin flow, with USDT trading volume reaching 694.5 billion USD in May, generating 55.7 million USD in monthly revenue, only behind Tether and Circle.

With the backing of politics, a solid fundamental base, and the increasing interest from institutions, TRX may be ready for a major breakout in the current cycle.

Tron will be listed in a merger deal worth 210 million USD as TRX price surges

Tron is set to go public in the United States through a reverse merger worth 210 million USD with SRM Entertainment on Nasdaq, pushing the price of TRX up by 10% to $0.29.

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

This move comes just a few months after the SEC suspended its lawsuit against Justin Sun and signaled the "comfort" of the regulatory agency under the Trump administration.

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

Sun has also strengthened his relationship with the Trump family by investing in their DeFi venture and attending crypto-related events.

With Circle's recent IPO, Tron’s listing has provided additional momentum for the wave of crypto companies entering the public market.

Tron achieves revenue of 55.7 million USD as USDT activity reaches record levels

Tron remains one of the top revenue-generating crypto platforms with 55.7 million USD in the past 30 days, ranking behind Tether, Circle, and Hyperliquid. In the last 24 hours alone, this platform has generated 1.34 million USD in revenue.

However, despite having impressive revenue, Tron still lags behind in trading volume on decentralized exchanges (DEX). This platform ranks 11th among all chains, with DEX volume of 3.65 billion USD in the past month and only 40.4 million USD in the last 24 hours.

This distance shows that, although Tron excels in payment infrastructure and stablecoins, its presence in the DeFi space is still relatively limited.

! Highest Revenue Crypto Apps (30 ngày) | Source: DeFiLlama.Tron continues to dominate stablecoin activity, with whales accounting for nearly 60% of the $694.54 billion USDT movement trading volume on the network.

The total supply of USDT on Tron has surged by 36% in the past 6 months from 58 billion USD to 79 billion USD, solidifying its position as the leading blockchain for stablecoin transactions. Currently, it surpasses Ethereum in both supply and daily trading volume.

With over 2.4 million USDT transactions daily and a daily trading volume of 23.7 billion USD, Tron has become the ideal network for large-scale stablecoin trading.

May also marked a record month for TRX, with 490.3 billion tokens moved, equivalent to 121.2 billion USD. As institutional demand for stablecoins increases, the growing trading volume of Tron indicates that it is becoming an important layer for digital payments globally.

Can TRX regain the $0.50 level in this cycle?

TRX is currently trading about 62% lower than its ATH, but recent momentum and structural developments suggest a breakout may be imminent.

If the price of TRX breaks through the important resistance level at $0.30, it could open the door for a move towards $0.45 and potentially $0.50 if the uptrend is stronger.

TRX Price Analysis | Source: TradingViewThe reverse merger worth 210 million USD of Tron to be listed on Nasdaq, the company's ties to politically influential figures like Eric Trump, and the MicroStrategy-style strategy of holding a large reserve of TRX, are all driving forces for growth in this cycle.

Basically, Tron is developing strongly. With a 30-day revenue of 55.7 million USD and a record 694.5 billion USD in USDT transactions in May, with 59% of that coming from large-scale transactions, this network is proving its dominance in the stablecoin space.

TRX also witnessed an ATH in monthly trading volume, transferring over 121 billion USD tokens alone in May.

Vincent