What does the reverse merger between Tron and SRM reveal about Justin Sun’s strategy, and how does Trump’s indirect involvement influence its market perception? Tron goes public through the backdoor On Jun. 16, Tron (TRX), the blockchain network founded by…

Justin Sun and Trump — a billion-dollar crypto bromance built on deals and dinners

The XRP Ledger (XRPL) is witnessing increased network activity, which is 
bullish for its native token’s price. On-chain data also shows that whales are 
actively accumulating XRP, with the addresses holding one million coins 
recently reaching a new high. XRP Ledger Records Massive Growth In Past Week 
In an X post, on-chain analytics platform Santiment revealed that the XRP 
Ledger is showing signs of growth, from both a usage and key stakeholder 
perspective. The platform revealed that there are now over 2,700 whale and 
shark wallets holding at least 1 million XRP for the first time in the token’s 
12-year history. Related Reading: Is There A “Secret XRP Ledger” And Is The 
Price Really At $1,000? Additionally, Santiment stated that the number of 
active XRP addresses has averaged over 295,000 daily over the past week. This 
is notable as the normal daily average over the past three months was between 
35,000 and 40,000. It is worth mentioning that the XRPL recorded some major 
developments last week. One is the launch of Circle’s USDC stablecoin on the 
XRP Ledger. This is expected to boost network activity given the increasing 
demand for stablecoins. Crypto analyst Moon Lambo predicted that this would 
increase the total value locked (TVL) on the network. He also noted how this 
was bullish for the XRP price, since users will need the token for every USDC 
transaction. Furthermore, Ondo Finance launched its tokenized US treasury fund 
(OUSG) on the XRP Ledger last week, which could have also contributed to the 
surge in network activity. The BlackRock-backed fund will be mintable and 
redeemable using the RLUSD stablecoin. Meanwhile, Guggenheim also recently 
partnered with Ripple to launch the first Digital Commercial Paper on the 
XRPL. Expert Predicts Price Rally Above $4 Amid the surge in network activity 
on the XRPL, crypto analyst Javon Marks has predicted that the XRP price could 
rally above $4 and even reach as high as $8. He stated that the altcoin is 
holding a clear breakout and is getting ready for a major bullish 
continuation. Marks added that the targets are at $4.80 and $8, marking new 
all-time highs (ATHs) for XRP. Related Reading: These Factors Will Drive XRP 
Price To $25-$75 In June – Analyst Crypto analyst Dark Defender recently 
alluded to a previous analysis in which he stated that the XRP price could 
make a decision within two weeks. The analyst is confident that the altcoin 
could rally to as high as $6 on this Wave 5 impulsive move to the upside. He 
has also previously predicted that XRP would reach double digits in this 
market cycle. On the other hand, it is worth mentioning that the XRP price has 
again dropped below the $2.25 level. Crypto analyst CasiTrades had warned that 
the support levels at $2.01, $1.90, and $1.55 could be in play if the $2.25 
level holds as resistance. At the time of writing, the XRP price is trading at 
around $2.16, down over 3% in the last 24 hours, according to data from 
CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

XRP Addresses Holding 1M Coins Reach 12-Year High As Experts Predict Move Above $4

Market analyst Weston Nakamura has labeled the 40-year Japanese Government 
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it, the 40-year Japanese Government Bond (JGB) market is, according to market 
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Securitize and Ethena Labs have partnered to enable nonstop atomic swaps 
between Blackrock’s tokenized treasury fund, BUIDL, and the stablecoin USDtb, 
enhancing onchain liquidity and flexibility. Institutional Crypto Liquidity 
Enhanced: BUIDL Now Swappable 24/7 for USDtb Ethena&#8217;s USDtb is a blockchain- 
based stablecoin pegged 1:1 to the U.S. dollar. It is primarily backed by 
shares in […]

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Tron has captured renewed attention following a major development: its planned 
entry into public markets. Justin Sun, Tron&#8217;s founder, has reached a deal with 
Nasdaq-listed SRM Entertainment (SRM.O), under which SRM will acquire Tron- 
related tokens, rebrand as Tron Inc., and appoint Sun as an adviser. This move 
marks a significant step in bridging the gap between blockchain projects and 
traditional finance, potentially making Tron one of the first major public 
blockchain entities. Related Reading: Ethereum Golden Cross Approaching – Will 
History Repeat? Meanwhile, rising geopolitical tensions in the Middle East 
have sparked volatility across the broader crypto market, including Tron. 
Despite this uncertain macro environment, Tron’s on-chain fundamentals remain 
strong. Top analyst Darkfost shared data showing that Tron’s daily transaction 
volume has surged from 2.5 million in 2021 to over 9 million today. This 
exponential growth underscores a sharp rise in user activity and developer 
engagement across the network. The sustained increase in transaction volume 
also reflects growing confidence in Tron’s infrastructure as a scalable and 
reliable alternative to other high-throughput blockchains. With both 
institutional exposure via SRM and strong on-chain growth, Tron finds itself 
at a pivotal moment in its evolution—one that could reshape its trajectory in 
the months ahead. Tron Retraces After Public Listing Surge: Network 
Fundamentals Remain Strong Tron is currently trading around key demand levels 
after a sharp retrace from Monday’s breakout rally. The surge—triggered by the 
announcement that Tron would go public via a deal with Nasdaq-listed SRM 
Entertainment—briefly sent TRX up over 9%, generating widespread attention. 
However, escalating tensions between Israel and Iran have weighed on market 
sentiment, dragging the price back to pre-announcement levels. Despite short- 
term volatility, Tron’s fundamentals continue to paint a bullish picture. 
According to Darkfost, the Tron blockchain has demonstrated strong and 
consistent growth since 2021. Daily transaction volumes have risen from 2.5 
million to over 9 million, reflecting increasing adoption and sustained demand 
for its infrastructure. This activity surge signals heightened investor 
interest and developer confidence in the network. Yet, high volume alone 
doesn’t guarantee quality. What sets Tron apart is its impressive transaction 
success rate, which has remained above 96% throughout this growth phase. This 
reliability counters criticisms often aimed at other high-throughput chains 
like Solana, where failed or spammy transactions can inflate metrics. 
Additionally, Tron’s block production has remained stable and linear, 
showcasing its operational consistency. Even amid rising global transaction 
fees, Tron continues to attract usage, suggesting that users still view it as 
a cost-effective, scalable solution. This blend of high performance, strong 
demand, and network resilience positions Tron as one of the most technically 
mature blockchains in the current market cycle. If macro conditions stabilize, 
Tron’s public listing and robust on-chain metrics could reignite bullish 
momentum. Related Reading: Bitcoin Holds Strong Despite Israel-Iran Tensions – 
Weekly Resistance Begins To Crack TRX Price Analysis: Key Support Levels Hold 
Tron (TRX) is currently trading at approximately $0.273, consolidating just 
above the 50-day simple moving average (SMA), which sits around $0.268. After 
a sharp spike on Monday that pushed the price toward $0.30 following the 
announcement of Tron going public, the price retraced back to pre-announcement 
levels amid escalating geopolitical tensions in the Middle East. Despite this 
pullback, TRX remains in a bullish structure on the daily chart. The 100-day 
and 200-day SMAs, currently around $0.252 and $0.253, respectively, continue 
to trend upward and act as solid dynamic support, confirming that the medium- 
to long-term trend remains intact. Volume surged on the breakout but has since 
cooled, which is expected during periods of consolidation. Technically, TRX is 
forming a higher low structure while staying within a broader uptrend that 
began in late March. As long as the price holds above the $0.268 support 
level, bulls may attempt another push toward $0.285 and potentially retest the 
recent high near $0.30. Related Reading: Ethereum Consolidation Continues – 
Altseason May Follow A Clean Break Above Resistance A break below $0.268 could 
invalidate the bullish momentum and trigger a move toward the $0.252–$0.255 
zone. For now, price action remains constructive as TRX holds above all major 
moving averages and key structural support. Featured image from Dall-E, chart 
from TradingView