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Bitunix Analyst: SRM Plans to Rebrand as Tron Inc and Launch TRX Reserve Strategy, Short-term Bullish Sentiment on TRX Rising

5 hours ago

On June 17th, it was reported that SRM Entertainment (NASDAQ: SRM) announced on the 16th that it had obtained $100 million in private equity funding and launched a TRX reserve strategy. The company issued 100,000 Series B preferred shares and 220 million warrants (with a conversion price set at $0.50), and the potential valuation reached $210 million. In addition, the company has rebranded as "Tron Inc", and TRON founder Justin Sun officially joined as an advisor. SRM's core strategy will focus on purchasing and staking TRX, while also promoting a shareholder dividend policy, marking the first establishment of a value link between TRX and U.S. stocks. After the announcement, TRX saw a short-term surge to $0.295, with an hourly increase of more than 9%. Bitunix analysts suggested that SRM's strategic shift to Tron Inc and its deep integration within the TRON ecosystem show clear bullish signals, which are likely to provide mid-term support for TRX prices. If the TRX reserve and dividend policy are successfully implemented, it will strengthen its position in the capital markets and potentially drive sustained long-term growth. It is recommended to adopt a technical bias towards a bullish strategy. However, one must closely monitor whether TRX staking and dividends are effectively implemented and whether Justin Sun plays an active role in operations to avoid a rapid market cooling-off after speculative hype. Investors are advised to stay updated on subsequent developments and capital flows.
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