Tron (TRX) Flips Dogecoin (DOGE) in Market Cap Amid IPO Buzz

Here's a refined version of the article, focusing on clarity, flow, and removing any potentially problematic content, while preserving the "" placeholder.

In a significant development, Tron's native cryptocurrency, TRX, has surpassed Dogecoin (DOGE) in market capitalization, securing its position as the 8th largest crypto asset.

This noteworthy shift follows news of Tron's planned initial public offering (IPO) through a reverse merger with Nasdaq-listed SRM Entertainment. This strategic move has generated considerable interest and reshaped the competitive landscape within the cryptocurrency market.

Currently, Tron (TRX) is trading around $0.2790, boasting a market capitalization of $25.88 billion. The price of TRX has increased by over 134% in the last year, reaching an all-time high of $0.4407 on December 4, 2024.

Conversely, Dogecoin (DOGE) has experienced a decline in recent weeks, decreasing by more than 25% over the past month. Its current market capitalization stands at $25.30 billion, approximately $500 million less than Tron's.

Source: CoinMarketCap

This renewed focus on TRX, coupled with Tron's strategic move towards a public offering, has contributed to a shift in its valuation.

Recent market reports suggest that Tron's IPO is being managed by Dominari Securities. The deal is expected to inject up to $210 million in token assets into the new entity, potentially enabling Tron to pursue a strategy of holding TRX as a core reserve asset.

Also Read: USDC Now Live on XRP Ledger via Uphold Integration