Tron crypto’s $210M IPO plan – Will it take TRX to the next level?

• Tron Group plans to go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment.
• TRX’s on-chain activity surged, with $1.38 billion stablecoin inflows and buyers maintaining dominance.

Tron Group, which is led by crypto entrepreneur Justin Sun, is set to go public in the United States. The group has filed for an IPO through a reverse merger with SRM Entertainment, a company already listed on the Nasdaq.

The upcoming listing will be backed by $210 million worth of TRX tokens, earmarked to fund Tron Inc.’s operations as reported by a renown analyst on X (formerly Twitter).

Interestingly, this move is backed by Dominari Securities, a broker-dealer previously linked to Donald Trump’s political circles.

The strategic step aims to strengthen TRX’s position to it rival networks as a global blockchain infrastructure provider.

Stablecoin activity points to investor confidence

Over the last seven days, the TRON [TRX] blockchain has witnessed an influx of $1.38 billion in stablecoins—mainly USDT and USDC. The milestone inflow pushes Tron ahead of Avalanche in terms of trade activity.

Tron’s on-chain activity has mirrored the recent surge in stablecoin inflows. According to data from IntoTheBlock, the number of Active Addresses per dollar has shown a steady, moderate increase. 

This signals a renewed level of engagement from both retail participants and institutional players on the Tron network.

But that’s not all…

Source: IntoTheBlock

Buyers still in the lead

Tron’s market sentiments still paint a bullish bias. According to spot market data, the 90-day Cumulative Volume Delta indicates that buyers continue to dominate.

The metric, which captures the momentum behind trades, supports the view that current market participants expect a further bullish run.

Source: CryptoQuant

What do the developments means for Tron’s ecosystem

TRX’s near- to midterm outlook appears promising, fueled by strong stablecoin inflows, steady buying interest, and its recent IPO filing. 

If the proposed reverse merger goes through smoothly, it could offer traditional investors a streamlined gateway into the Tron ecosystem.

As Tron Group advances toward becoming a publicly traded entity, investor attention is intensifying, with the market closely tracking every development.