Can Justin Sun’s $18 Million Bet Spark the Next TRX Rally?
There’s a lot of buzz in the crypto market right now around Justin Sun and a fresh $18 million move that has traders watching TRX very closely. At the center of it all is Tron, the blockchain network Sun founded, and a strategic investment that’s being seen as both a confidence signal and a potential catalyst for price action.
Here’s what’s happening. Justin Sun has made an $18 million equity investment in Nasdaq-listed Tron Inc., a company previously known as SRM Entertainment. The deal was executed through Black Anthem Limited at a price of $1.3775 per share. While it may sound like a corporate finance story at first glance, the real takeaway is that this investment was aimed at strengthening Tron Inc.’s TRX treasury holdings. In simple terms, more capital is being funneled into holding TRX long-term.
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As of now, Tron Inc. reportedly holds more than 677 million TRX tokens, which represents about 0.7% of the total supply. At current market prices, that stash is valued at well over $190 million. According to company leadership, this move was designed to position the firm aggressively for the growing adoption of the TRON network, blockchain-based global payments, and broader Web3 infrastructure. It’s being framed as a long-term play rather than a short-term trade.
On the market side, TRX has been holding above the $0.2800 level, which many traders see as a key psychological zone. The price has been hovering just below the 50-day Exponential Moving Average, around $0.2860, and that’s where things get interesting. Several attempts to break above that level have been rejected, leading to hesitation and choppy price action. Still, repeated tests of resistance are often seen as a sign that selling pressure is being absorbed.
Momentum indicators are sending mixed but slightly encouraging signals. The Relative Strength Index is holding above the midpoint, suggesting that buying pressure hasn’t disappeared. At the same time, the MACD has crossed above the zero line, which is often interpreted as a bullish shift in momentum, even if confirmation is still needed.
Overall, Justin Sun’s $18 million investment has added a fresh layer of optimism to the Tron story. Whether it turns into a sustained rally or just a short-term boost will depend on how price reacts at these critical technical levels in the days ahead.
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