Tron Coin Flips Cardano as Justin Sun Rings Nasdaq Bell, TRX Price to $0.40?
The post Tron Coin Flips Cardano as Justin Sun Rings Nasdaq Bell, TRX Price to $0.40? appeared on BitcoinEthereumNews.com.
As Tron Inc and Justin Sun rang the Nasdaq stock market opening bell at Times Square in New York City on Thursday, TRON coin flipped Cardano in market cap to become the 9th largest crypto asset. This marked one of many significant developments by Justin Sun after closely working with the Trump family. Notably, Sun invested extensively in TRUMP meme coin and is associated with the Trump family’s crypto firm World Liberty Financial. TRON Coin Surpasses Cardano in Market Cap TRON topped Cardano after the crypto market crashed, with TRX price falling slightly as compared to 8% drop in ADA price. At the time of writing, TRON coin ranked as the ninth-largest cryptocurrency with a market cap above $29 billion. TRON also made a 2025 high last week amid continued growth in network activity. Also, stablecoin issuers prefer issuing on TRON network, signaling strong demand and expanding liquidity. As The Coin Republic reported, the USDT supply surpassed $80 billion and represents over 50% of all circulating supply. The network became the dominant stablecoin settlement layer. USDT Supply on TRON Network | Source: Glassnode on X Another contributing factor to TRON’s growth was the passing of the GENIUS Act. This marked the U.S. government’s efforts in using stablecoins to strengthen the dollar’s dominance. Moreover, the US Securities and Exchange Commission (SEC) dropped its fraud investigation into Sun’s companies. This helped shift investors’ sentiment towards tokens and crypto projects related to Justin Sun. Lookonchain reported that the average weekly transaction fee has dropped from 2.47 TRX to 0.72 TRX. This massive over 70% reduction happened after TRON launched its gas-free feature, which was developed last year but rolled out in early 2025. TRX Average Weekly Transaction Fee | Source: Lookonchain on X Tron Inc and Justin Sun Rings Nasdaq Opening Bell Tron…
Filed under: News - @ July 25, 2025 4:25 am