Tron Inc. stock has plummeted 85% since its acquisition by Justin Sun.

Tron Inc., a company listed on Nasdaq through a reverse merger with SRM Entertainment in July, has fallen 85% in stock value since its peak of 12.80 USD on June 20. In September alone, the stock lost up to 55%, reflecting the overall trend of public companies holding digital assets.

Tron Inc. stock price. Companies like MicroStrategy (MSTR) and Bitmine Immersion (BMNR) have also experienced significant declines, approximately 30% and 67% respectively over the past three months. Analysts suggest that this is a typical phenomenon when the “speculative frenzy” cools down, similar to what happened with Circle IPO and now with digital asset treasury companies (DATs).

Aside from market factors, the sell-off trend is also influenced by the investigation of the SEC and FINRA regarding more than 200 companies suspected of engaging in unusual trading before announcements of digital asset purchases.

Meanwhile, Justin Sun, the founder of TRON and advisor of Tron Inc., continues to be embroiled in various controversies:

• An Ethereum wallet associated with Sun has been blacklisted by World Liberty Financial (WLFI) after moving over 9 million USD WLFI tokens just a few days after the token was listed. WLFI is currently trading at 0.1789 USD, falling 19% in 24 hours.
• Sun has sued Bloomberg in the federal court of Delaware to prevent the news agency from disclosing the details of his digital assets, citing concerns over theft, hacking, and kidnapping.

Despite legal and financial pressures, TRX – the native token of TRON – is currently only down nearly 1% in 24 hours, trading at 0.33 USD with a market cap of 31.56 billion USD, ranking 10th in the cryptocurrency market.