Tron (TRX) has climbed to the ninth spot (on CoinMarketCap) in crypto market rankings, overtaking Cardano just ahead of a major Wall Street milestone.
Its parent company, Tron Inc., is set to debut on Nasdaq this Thursday, July 24, following a reverse merger with SRM Entertainment.
The listing will make Tron Inc. the largest publicly traded company holding TRX, with founder Justin Sun scheduled to ring the Nasdaq opening bell live in Times Square.
Daily trading volume for TRX has jumped 52% to over $1.86 billion as excitement builds.
CEO Rich Miller called the listing a “milestone” in Tron’s journey, noting the firm’s commitment to blockchain-driven innovation and financial transparency.
Despite the spike, on the 24-hour chart TRX is down 4% and lost around $500 million of its market cap in the same timeframe.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/tron-surges-to-top-10-on-cmc-as-nasdaq-debut-looms/