TRON is quietly becoming one of the strongest performers in the market. The token is trading around $0.3453, up more than 2% today, with trading volume jumping 42%. Over the last few months it has gained about 28%, and since last year it’s up an impressive 125%.
Analyst Leila pointed out on X that TRON has already overtaken Cardano, is on pace to move past Dogecoin next, and could soon challenge Solana if this momentum keeps up.
A big reason for the rally is growing interest from big money. Tron Inc., which listed on Nasdaq through a reverse merger in July 2025, plans to raise $1 billion to grow its TRX treasury. The company already holds over 365 million TRX (around $126 million) and has said it wants to follow a strategy similar to MicroStrategy’s Bitcoin playbook.
I just pulled up $TRX chart from @coinexcom wallet.$TRX is around $0.35 up 3% or so in the last day. Dipped down to about $0.31 but bounced right back, hitting $0.37 high before settling.
— Leila (@chimpnzee) September 11, 2025
if you look back a few months,
TRX are in solid gains, like 28% or something and it’s… pic.twitter.com/wol1pubYJX
This kind of corporate buying reduces the amount of TRX available on the market and signals long-term confidence. Since Tron Inc. listed on July 24, the token has already climbed about 10%, and social media is full of comparisons to Bitcoin’s early institutional adoption. Traders will be watching for SEC filings on the $1 billion raise and for on-chain evidence of new purchases from Tron Inc.
In addition, TRON is also at the center of the stablecoin economy, processing more than $21 billion a day in USDT transfers, which is about half of global Tether volume. Every one of those transactions requires TRX for gas fees, creating steady, built-in demand.
That kind of consistent activity is key. Even when the market cools off, $2 million in daily fee revenue provides a strong base and makes TRX attractive to institutions looking for dependable yield and a proven cross-border payment network.
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How High Could TRX Price Go if It Flips Solana?
If TRON keeps this up and overtakes Solana in market cap, the price could climb a lot higher. Solana’s market cap is currently around $25–27 billion, while TRON sits near $12–13 billion. Matching Solana’s size would mean doubling or even tripling TRX’s current valuation.
That math suggests TRX price could trade in the $0.65 to $0.75 range if it reaches Solana’s current market cap. If a bigger crypto bull run or stronger institutional demand kicks in, a move toward $1 over the longer term isn’t off the table.
Tron has already passed Cardano and is aiming for Dogecoin next. With institutional buying on the rise, stablecoin activity booming, and steady network revenue, the fundamentals are lining up for TRX to keep pushing higher. If it does flip Solana, a run toward $0.70 or even higher looks realistic.
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