Tron (TRX) Faces Market Volatility Amid Key US Economic Events

This week could mark a significant turning point for the cryptocurrency market, including Tron (TRX), as three major U.S. economic events are set to influence market sentiment. Federal Reserve Chair Jerome Powell's congressional testimony, jobless claims data, and the PCE inflation index may trigger heightened volatility. Currently, the crypto market is experiencing bearish trends, with total market capitalization under pressure. Investors should stay vigilant as these economic indicators could lead to a large-scale sell-off, impacting digital assets like TRX. Despite short-term uncertainties, the long-term potential of cryptocurrencies remains strong, with Tron's innovative ecosystem positioning it for future growth.

Key US Economic Events Could Trigger a Massive Crypto Market Sell-Off

This week stands as a potential inflection point for cryptocurrency markets, with three critical U.S. economic indicators poised to dictate sentiment. Federal Reserve Chair Jerome Powell's congressional testimony, jobless claims data, and the PCE inflation index may collectively unleash heightened volatility across digital assets.

Market sentiment has turned decidedly bearish, with the total crypto market capitalization shedding 2.6% in 24 hours. Bitcoin leads the downturn at 4.9% weekly losses, while altcoins show even deeper cuts—Ethereum plunged 14%, Solana 14.7%, and Cardano 15.7%. The U.S. Economic Surprise Index, currently at its most negative reading since 2025, reflects growing macroeconomic uncertainty that typically dampens risk appetite.

All eyes will be on Powell's June 24 testimony before Congress. The Fed chair's tone—whether hawkish or dovish—could immediately recalibrate crypto valuations. Historical patterns suggest such macroeconomic crossroads often precipitate cascading sell-offs when liquidity conditions tighten.

Tron to Go Public via Reverse Merger as Solana App Revenue Tops $1 Billion

Tron, the blockchain network led by Justin Sun, is set to become a U.S.-listed public entity through a reverse merger with SRM Entertainment, a small Nasdaq-traded company. The deal bypasses the traditional IPO process, with Sun’s digital asset platform contributing $210 million worth of TRX tokens to capitalize the new entity, rebranded as "Strategy of Tron." TRX surged nearly 5% on the news, briefly overtaking Dogecoin in market value.

Meanwhile, Solana's app ecosystem generated over $1 billion for the second consecutive quarter, underscoring its robust growth. The blockchain's revenue figures highlight its expanding utility and adoption, even as Tron's public market pivot reflects easing regulatory pressures in the U.S.

Tron Surges on $1B USDT Mint and Nasdaq Listing Speculation

Tron (TRX) rallied sharply from monthly lows of $0.2592 to $0.2722 following Tether's issuance of $1 billion in USDT on its network. The mint—the second such billion-dollar injection this month—signals anticipated demand for stablecoins on Tron's blockchain.

Network activity reinforces the bullish case: Active addresses hit record highs, with transaction volume up 30% since February. The momentum coincides with founder Justin Sun's firm preparing for a potential Nasdaq listing, though details remain undisclosed.

Technical traders note TRX found support at $0.26, aligning with a key historical level. The token now faces resistance NEAR its June highs as market participants weigh the dual catalysts of institutional exposure and growing ecosystem utility.