{"id":5807,"date":"2025-07-25T14:06:05","date_gmt":"2025-07-25T14:06:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/justin-sun-rings-the-bell-at-nasdaq-opening-ceremony-as-trx-flips-ada-in-market-cap-rankings\/"},"modified":"2025-07-25T14:06:11","modified_gmt":"2025-07-25T14:06:11","slug":"justin-sun-rings-the-bell-at-nasdaq-opening-ceremony-as-trx-flips-ada-in-market-cap-rankings","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/justin-sun-rings-the-bell-at-nasdaq-opening-ceremony-as-trx-flips-ada-in-market-cap-rankings\/","title":{"rendered":"Justin Sun rings the bell at Nasdaq opening ceremony as TRX flips ADA in market cap rankings"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Justin Sun rang the Nasdaq Opening Bell on July 24 to celebrate TRON Inc.\u2019s debut, as TRX price steadies within its ascending channel after a breakout attempt lost momentum.<\/p>\n<div id=\"cn-block-summary-block_58d97dfacfe88821515f2628d73861ac\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Justin Sun rang the Nasdaq Opening Bell to mark TRON Inc.\u2019s public debut.<\/li>\n<li>TRON Inc. was formed via a reverse merger with SRM Entertainment and now trades under the ticker \u201cTRON.\u201d<\/li>\n<li>TRX price attempted to break out of ascending channel but failed and pulled back, with 20-day EMA acting as support.<\/li>\n<li>Price remains in the upper channel, increasing chances of another breakout attempt towards $0.40. <\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>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.<\/p>\n<p>\u201cRinging the Nasdaq Opening Bell marks a powerful milestone in Tron Inc.\u2019s journey<em>,\u201d<\/em>\u00a0said Rich Miller, CEO of Tron Inc, in a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/07\/23\/3120433\/0\/en\/Tron-Inc-to-Ring-The-Nasdaq-Opening-Bell-on-July-24-2025.html?utm_source=chatgpt.com\" target=\"_blank\">press release<\/a>. \u201cWith 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.\u201d<\/p>\n<p>Under Sun\u2019s leadership, TRON Inc. has become the largest publicly held holder of TRON (TRX) tokens. The company\u2019s 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 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\">CoinGecko<\/a>. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">TRX price technical analysis<\/h2>\n<p>TRX price recently attempted a breakout from the ascending channel it\u2019s 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\u2019s upper boundary appeared promising at first, as TRX price extended its multi-month uptrend and remained well above the 20-day EMA throughout July. <\/p>\n<p>This EMA now serves as dynamic support, containing the recent pullback from the $0.34 peak. The price is currently hovering just above it, around $0.31. Moreover, the price remains in the upper region of the channel, which increases the likelihood of another breakout attempt. <\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14399892\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/skYOuuO6\/?symbol=CRYPTO%3ATRXUSD\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p>If support holds between $0.30 and $0.28 \u2014 the EMA and channel midpoint \u2014 TRX price could base for another breakout attempt. A confirmed close above $0.34 would be needed to validate a fresh leg higher, with an upside target around the psychological $0.40 mark. However, a close below $0.30 would increase the likelihood of continued consolidation within the ascending channel. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Justin Sun rang the Nasdaq Opening Bell on July 24 to celebrate TRON Inc.\u2019s debut, as TRX price steadies within its ascending channel after a breakout attempt lost momentum. Summary&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=5807"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5807\/revisions"}],"predecessor-version":[{"id":5808,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5807\/revisions\/5808"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4552"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=5807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=5807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=5807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}