While the larger crypto market is facing a price correction, TRON (TRX) is trading in the green zone.According to CoinGecko data, TRX’s price has rallied by 0.6% in the last 24 hours, 1.9% in the last week, 5.5% in the 14-day charts, and 9.1% over the previous month. Let’s discuss why TRON (TRX) is rallying, while the crypto market is facing another crash.
TRON’s (TRX) price surge could be due to the Tron Inc. purchasing 140,382 TRX tokens on May 18, 2026. The company’s TRX treasury holdings have increased to 696.5 million TRX coins. The big purchase may have led to a price surge for the asset.
Tron Inc. (NASDAQ: TRON) acquired 140,382 TRX tokens today at an average price of $0.3562, further increasing its TRX treasury holdings to more than 696.5 million TRX in total. The company aims to further grow its Tron DAT holdings to enhance long term shareholder value. For live…
Moreover, according to BloomBerg ETF expert James Seyffart, Canary Funds has filed for a staked TRON ETF. The filing may have led to a boost in investor confidence. ETFs have become a key part of the crypto landscape, and we will likely see the launch of several more crypto-based ETFs in the future.
ANOTHER filing today from@CanaryFunds. They filed for their Staked tron:native / Tron ETF. This was amendment number one.pic.twitter.com/OgVApYvEdv
While TRON’s (TRX) price surge amid a market crash is commendable, it is unclear if the asset can sustain its upswing. The larger crypto market is facing significant selling pressure after inflation data came in higher than expected. Moreover, oil prices are rising and US bond yields are going up. Both developments have reduced investor expectations of an interest rate cut. Instead, many anticipate a rate hike after the next FOMC (Federal Open Market Committee) meeting.
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Given the larger bearish market forces, there is a high chance that TRON (TRX) will also fall victim to the ongoing market trend. With Bitcoin (BTC) falling to the $76,000 mark, there is little chance for TRX to continue its rally.
Source: Watcher Guru
