The post Justin Sun rings the bell at Nasdaq opening ceremony as TRX flips ADA in market cap rankings appeared on BitcoinEthereumNews.com.

Justin Sun rang the Nasdaq Opening Bell on July 24 to celebrate TRON Inc.’s debut, as TRX price steadies within its ascending channel after a breakout attempt lost momentum. Summary Justin Sun rang the Nasdaq Opening Bell to mark TRON Inc.’s public debut. TRON Inc. was formed via a reverse merger with SRM Entertainment and now trades under the ticker “TRON.” TRX price attempted to break out of ascending channel but failed and pulled back, with 20-day EMA acting as support. Price remains in the upper channel, increasing chances of another breakout attempt towards $0.40. On Thursday, July 24, Justin Sun, founder of the TRON blockchain, rang the Nasdaq Opening Bell in Times Square to mark the public debut of TRON Inc. TRON Inc. emerged from a reverse merger with SRM Entertainment, a Nasdaq-listed company known for supplying merchandise to global theme parks. Following the merger, the company rebranded as TRON Inc. and now trades under the ticker symbol TRON. “Ringing the Nasdaq Opening Bell marks a powerful milestone in Tron Inc.’s journey,” said Rich Miller, CEO of Tron Inc, in a press release. “With the addition of Justin Sun as our Global Advisor and our continued expansion into blockchain-powered treasury holdings, this moment highlights our long-term vision to build shareholder value through innovation and strategic leadership.” Under Sun’s leadership, TRON Inc. has become the largest publicly held holder of TRON (TRX) tokens. The company’s market cap has surged to approximately $29.8 billion, surpassing that of Cardano (ADA) and solidifying its position as the ninth-largest crypto by market cap, according to CoinGecko. TRX price technical analysis TRX price recently attempted a breakout from the ascending channel it’s been trading within since mid-March, reaching an intraday high near $0.34 before quickly pulling back into the channel. The move above the channel’s upper…

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Filed under: News - @ July 25, 2025 7:38 pm