TVL of Tron Blockchain (total locked value) decreases, cutting the trend despite the abundant media threshing on the imminent Nasdaq Bell ceremony of the network.
It occurs barely two weeks after Tron announced that the plans for an IPO (initial public offer) were made via an inverted merger of $ 210 million.
Tron to hold the Nasdaq bell ceremony: what users should know
Tron announced the Nasdaq Bell ringing ceremony in an article on Wednesday, triggering the euphoria among the members of the community.
An official press release indicates that the founder of Tron Justin Sun will direct the ceremony. The place will be the Nasdaq Marchetsite in Times Square. The event will highlight the transformation of the company into new generation technology and digital innovation.
“Ring the Nasdaq opening bell marks a powerful step in the trip of Tron Inc.“” Read an extract in the press release, quoting Rich Miller, CEO of Tron Inc.
The announcement also revealed that Tron’s plans to strengthen the value of shareholders by innovation and strategic leadership, developing in the treasury assets with blockchain.
In particular, the Nasdaq The ring in bell ceremony is linked to the recently announced IPO of Tron. However, not in the way in which a traditional IPO might suggest.
As Beincrypto reported, the IPO would be via a reversed merger. This means to take advantage of a method of registration of a stolen door where a private company becomes public by merging with an already listed company.
Eric Trump will be Be among leadRS The newly formed TRON INC. Dominari Securities, an investment bank based in New York with close ties with President Donald Trump’s sons, Donald Trump Jr. and Eric Trump, orchestrated the merger.
Since there was no official announcement at the moment when Tron became public via the reverse merger, today’s Nasdaq ringing probably coincides with the IPO.
It should be noted that Tron Inc. will work similarly to Michael Saylor’s strategy (formerly Microstrategy). This means containing large quantities of trx token of tron on his assessment as Digital active treasurerUry strategy.
However, despite the media threshing around the event, Tron TVL is down $ 136 million, from $ 5.847 billion on the day of the announcement to $ 5.711 billion at the time of writing this article.
A drop in TVL suggests changing liquidity on the Tron network. The TRX food token, TRX, has also dropped by 2% in the last 24 hours.
To date, TRX was negotiated at $ 0.30,912. Despite the decrease over the time of one day, the Tron token increased almost 130% up to date (YTD) and 14% in the last month.
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