TRON (TRX) on Solana

Tron Inc. (Nasdaq: TRON) added 145,002 TRX on Monday at an average price of $0.3448, bringing its total treasury to 711.2 million TRX — worth approximately $245 million at current prices. The Nasdaq-listed company, which went public via a reverse merger with toy maker SRM Entertainment in mid-2025, conducts near-daily TRX purchases modeled on MicroStrategy's Bitcoin accumulation playbook. Shares jumped 7.49% in Monday's session to close at $2.01, extending a five-session rally of 26.42% and a year-to-date gain of roughly 61%.

The stock's run has significantly outpaced the underlying token, which trades near $0.344 with a market cap of approximately $32.65 billion — the eighth-largest cryptocurrency. Separately, TRON founder Justin Sun announced that the TRON blockchain crossed 400 million total accounts, a milestone that may be contributing to renewed investor enthusiasm for both the token and the Nasdaq vehicle tracking its treasury strategy.

TRON absorbed approximately $2.2 billion in stablecoins during the 30-day period ending August 4, 2026, lifting the network's total stablecoin value to $91.6 billion — a 2.4% gain on an $89.4 billion base. The inflow is notable because the broader stablecoin market contracted by $2.7 billion over the same window, suggesting TRON captured share rather than simply riding a rising tide. Tether accounts for 97.9% of stablecoin dollars on the chain, however, leaving the network heavily dependent on a single issuer.

Motley Fool analysis argues the headline figure doesn't translate into a clear investment case for TRX. Critics note the absence of fee mechanisms that would directly reward token holders, net coin issuance of 70.5 million new TRX in Q1 2026, and limited structural incentives for newly arrived capital to stay on the network. The result is that growing stablecoin dominance reinforces TRON's position as a low-cost settlement rail — a genuine utility signal — without yet creating the economic flywheel that would make TRX itself a beneficiary of that demand.

TRON's TRX token has reclaimed both its 7-day and 30-day moving averages — the two bullish momentum signals flagged by 10x Research — after sliding roughly 16% from its May peak before finding support in late June. Trading around $0.33 at the time of writing, TRX has recovered about 6% from those lows and posted a weekly gain of 2.2%, though it remains approximately 11% below the May high and 23% under its all-time high of $0.4313.

On the fundamental side, Nasdaq-listed Tron Inc. added 150,742 TRX to its treasury at an average price of $0.3317, bringing total holdings to 706.9 million TRX. CEO Rich Miller described the purchase as part of "a deliberate accumulation strategy." On-chain, TRON continues to carry about $90 billion in circulating USDT across roughly 2.2 million daily transactions worth around $24 billion in transfer volume, with average fees near $0.49 — down 65% year-over-year following last year's gas fee cut.