Tron Inc., the NASDAQ-listed company, has significantly increased its holdings of TRX tokens, purchasing 177,925 TRX at an average price of $0.28. This acquisition raises the company’s total TRX reserves to over 681.9 million tokens as part of its long-term treasury strategy. Meanwhile, the price of TRX shows technical weakness, having failed to hold above its 200-day moving average and printing a lower low near $0.2685, which analysts suggest could signal a deeper market correction.
Tron Inc. has reinforced its cryptocurrency treasury with a new purchase of 177,925 TRX tokens. The company announced the acquisition was made at an average price of $0.28, bringing its total TRX holdings to more than 681.9 million.
“The company aims to further grow its Tron DAT holdings to enhance long term shareholder value,” Tron Inc. stated in its announcement. This move aligns with a corporate strategy focused on blockchain-based treasury diversification.
Despite this institutional accumulation, the TRX token is facing downward price pressure. Analyst Umair Crypto noted the asset failed to sustain a recovery above its 200-day simple moving average.
TRX has since established a lower low near $0.2685, confirming market weakness. The token is currently trading at approximately $0.28, showing limited upward momentum from that level.
Market participants are now watching the $0.2455 area as a critical support level. This zone aligns with a point of control and represents a significant liquidity cluster on charts.
Further caution comes from TRX’s performance relative to Bitcoin, where it is trading near relative highs. Analysts also point to potential weakness in momentum indicators that could pressure the TRX/USDT pair.
