Catenaa, Thursday, October 02, 2025- Nasdaq-listed TRX treasury company Tron Inc has seen its stock collapse 85% from its June peak of $12.80, reflecting a broader downturn in crypto-linked public companies.
September alone accounted for a 55% decline, signaling waning investor enthusiasm for digital asset treasury (DAT) plays.
Experts attribute the slump to overhyped market sentiment and rushed market entries.
Peter Chung, head of research at Presto Research, noted that new trends often trigger outsized gains followed by steep corrections, a pattern recently observed in Circle’s IPO and other DATs. Czhang Lin of LBank Labs confirmed that multiple firms in the sector are navigating similar headwinds.
Tron Inc. went public through a reverse merger with SRM Entertainment on July 24. Other crypto treasury companies, including Bitcoin-focused MicroStrategy (MSTR) and Ethereum-based Bitmine Immersion Technologies, have also suffered losses of roughly 30% and 67% over the past three months, respectively.
‘Analysts cite rushed execution and pending investigations by the SEC and FINRA involving 200 firms as contributing factors.
Tron founder Justin Sun has recently faced scrutiny over token movements in the Trump-family-linked World Liberty Financial project.
Following a token generation event, Sun moved $9 million worth of WLFI tokens to exchanges, prompting a freeze on the remaining 591 million tokens. Sun has also filed a federal lawsuit against Bloomberg, seeking to block the disclosure of his crypto holdings.
Despite TRX trading near $0.33 with a $31.56 billion market cap, the company’s recent trajectory highlights persistent volatility and regulatory risk for crypto treasury enterprises navigating public markets.
