Tron Inc. keeps adding to its TRX treasury, scooping up 151,521 TRX tokens at an average price of $0.33 each, pushing its total holdings past 707.6 million tokens. This move signals the company’s ongoing commitment to strengthening its position within the Tron ecosystem and boosting long-term investor value.
Meanwhile, TRX trades around $0.3257 with a market cap near $30.91 billion and a 24-hour volume hitting $483.7 million. The token slipped about 1.3% recently but remains perched on a key support zone that has influenced its price action for almost two years. Crypto analyst BATMAN points out that this level has acted as a solid buy zone and resistance point, making it vital for determining TRX’s next direction.
The market is watching closely. A firm defense of this support could spark fresh buying interest and push TRX toward a $0.37 target. On the other hand, a breakdown might open the door to further declines. Tron Inc.’s growing treasury stake suggests institutional confidence in the project’s potential, reflecting a broader trend of increased institutional interest in blockchain assets.
The material is for informational purposes and not financial advice.
