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Stock impact report

Tron Inc. Shares Tumble 85% From June Peak Amid DAT Market Slump [Yahoo! Finance]

Tron Inc. (TRON) 
Company Research Source: Yahoo! Finance
The Nasdaq-listed toy and souvenir manufacturer is down 85% from its June 20 peak of $12.80, according to TradingView data. In September alone, the company witnessed a 55% decline. “The hype is deflating,” Peter Chung, head of research at Presto Research, told Decrypt Chung noted that it is common for hype and frenzy to take over when a new meta is introduced, leading to outsized gains. As cooler heads prevail, the asset tends to find a stable footing, leading to a decline in its valuation. “This year it happened with Circle IPO, and is happening with DATs,” he explained. “It's not just Tron,” Czhang Lin, head of LBank Labs, told Decrypt . “Many firms in the space are navigating similar headwinds.” Tron Inc., which was listed on Nasdaq on July 24 through a reverse merger with SRM Entertainment, is not the only crypto treasury company facing a slump. World Liberty Blacklists Justin Sun's Ethereum Wallet After Moving Millions in WLFI Stephen Gregory, founder of crypto tra Show less Read more
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