Tron Inc. has increased its TRX holdings by purchasing 174,604 tokens at an average price of $0.29, bringing its total treasury to over 683.9 million TRX. The company aims to build long-term shareholder value through its digital asset reserves. Concurrently, TRX has been listed on the Gemini exchange, enhancing its liquidity and global accessibility. Technical analysis indicates neutral-to-bullish momentum for the token, with a Relative Strength Index near 49 and a Moving Average Convergence Divergence signal hinting at potential upward movement.
Tron Inc. has expanded its digital asset reserves with a new purchase of 174,604 TRX tokens. The company acquired the tokens at an average price of $0.29, increasing its total holdings to more than 683.9 million TRX. The firm stated “its aim is to continue to increase its TRX Decentralized Autonomous Treasury (DAT) holdings to build shareholder value.”
In a separate development, the TRX token was officially listed on the Gemini cryptocurrency exchange. This listing enables full deposit and withdrawal functionality for users on the regulated platform. The move is seen as an important milestone for increasing the token’s liquidity and global investor access.
Technically, TRX is trading around $0.284 after a period of consolidation. According to TradingView data, the price found support near $0.27 following a pullback from higher levels in January. The token’s Relative Strength Index is currently near 49, indicating a neutral market position.
Meanwhile, the Moving Average Convergence Divergence indicator is showing a bullish crossover with a positive histogram. This technical pattern suggests improving momentum for the cryptocurrency. Key resistance levels are observed between $0.29 and $0.30.
