Add as a preferred source on GoogleTron Inc. Adds 148,607 TRX to Treasury as Breakout Stays Conditional
The purchase was worth about $50,000 at its stated average price; the tokens added were about 0.02% of the post-purchase balance.
Tron Inc. added 148,607 TRON (TRX) tokens to its treasury on Saturday, Oct. 17, at an average price of $0.3365, bringing its holdings above 719.2 million TRX.
At that average price, the purchase was worth about $50,000. The tokens added amounted to about 0.02% of the post-purchase holdings, a modest addition that does not by itself establish broader institutional demand.
The purchase comes after Tron Inc. established a share-sale program of up to $200 million for additional TRX purchases. The program sets a maximum amount available for sale; it does not mean the company will sell shares or raise the full amount.
Separately, The Boss’s weekly chart analysis placed TRX in an ascending channel, with price attempting to reclaim the channel’s median line. “A decisive push above this midpoint would signal accelerating momentum,” The Boss wrote. The analysis makes stronger momentum conditional on a move above that level and does not confirm a breakout.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.