TRON blockchain founder Justin Sun announced that the network's native token, TRX, is now available on Solana. The asset's emission volume is 50 million TRX, according to Solscan .
This integration was announced by Sun himself on March 18, 2025. His statement raised questions in the crypto community, since Solana has its own coin.
"What does this even mean? Are you abandoning your network and migrating to Solana?" one user asked .
The integration is intended to provide some cross-chain compatibility between TRON and Solana. This includes TRX liquidity and availability in some projects in this ecosystem.
In particular, after the announcement, Sun noted that TRX is now available on the pump.fun platform. The community also stated that the asset appeared in the Phantom Wallet crypto wallet.
The asset responded to the news with growth, reaching $0.2369 at one point, after which it collapsed:
The asset's rise in value may also be due to Justin Sun hinting at the launch of a spot XRP ETF in the near future.
In the US, the Securities and Exchange Commission (SEC) is considering 17 applications to launch such an exchange-traded fund. The latest issuer to file papers to register this product is the major asset management company Franklin Templeton .