Tron Drops in Pre-Market After $225 Million TRX Position Comes Under Pressure
Tron Inc. shares slipped to $1.86 in early Nasdaq premarket Thursday, tracking a fresh decline in the TRX token, which fell 1.4% to $0.3275. The company’s market cap stood near $886 million, while TRX’s hovered at $31.1 billion. Tron reported Q1 net income of $21.6 million, reversing a year-ago loss, mainly from digital asset gains and staking.