Tron Inc.'s stock has plunged 85% since reaching a peak of $12.80 on June 20, amid a widespread sell-off in crypto treasuries and increased regulatory scrutiny. The Nasdaq-listed company's shares fell 55% in September alone as investors reevaluated their positions. Analysts cite factors such as hype-driven inflation, poor execution, and ongoing investigations into pre-announcement trading as key contributors to the decline. Similar stock drops have been observed in companies like MicroStrategy and Bitmine Immersion Technologies.