Tron Inc. Rings Nasdaq Bell as TRX Overtakes Cardano for 9th Spot – A 15-Year Dream Realized
- Why Did Tron Inc. Choose a Reverse Merger Over an IPO?
- How Did TRX Outperform Cardano in Market Cap?
- What’s Driving Tron’s Financial and Political Momentum?
- FAQ: Tron’s Nasdaq Debut and TRX Surge
Tron Inc. has officially entered Wall Street’s elite club after a reverse merger with SRM Entertainment, culminating in Justin Sun ringing the Nasdaq opening bell. TRX surged past cardano in market cap rankings, hitting $29B amid record-breaking on-chain revenue of $1B in Q2 2025. Analysts eye a short-term bullish trend for TRX, while Sun’s political maneuvers and DeFi expansions add fuel to Tron’s meteoric rise.
Why Did Tron Inc. Choose a Reverse Merger Over an IPO?
In a strategic pivot, tron Inc. bypassed the traditional IPO route by acquiring SRM Entertainment, a toy company servicing Disney and Universal. This reverse merger allowed Tron to go public while retaining SRM’s legacy business, now rebranded as a blockchain-focused entity. Justin Sun called the Nasdaq listing a “15-year dream,” marking a milestone for the project. The company holds 365M TRX tokens ($115M), making it the largest public TRX holder. Nasdaq welcomed Tron after a $100M equity investment and $210M strategic fund deployment to establish “Tron G TRX.” Shares debuted at $10.30, spiking 53.27% post-listing.
How Did TRX Outperform Cardano in Market Cap?
TRX’s Nasdaq debut coincided with crypto market volatility, but it defied the trend by leapfrogging Cardano’s ADA (down 8%) to claim 8th place with a $29B market cap. At press time, TRX traded at $0.3149, with analysts predicting a short-term rally to $0.335. Key support levels are $0.3067–$0.31; a dip below could trigger a slide to $0.29. Tron’s fundamentals shine: Q2 2025 saw 784M transactions, ranking it among the top 5 blockchains by volume. Its $1B on-chain revenue record underscores dominance in stablecoin issuance and DeFi, bolstered by growing liquidity and user adoption.
What’s Driving Tron’s Financial and Political Momentum?
Justin Sun isn’t just playing the markets—he’s playing politics. His alliance with Trump-affiliated World Liberty Financial (WLF) as an advisor and $100M stash of Trump-linked tokens (including $TRUMP meme coin) signals deeper ambitions. Last month, WLF’s token migrated from Solana to Tron via LayerZero and Stargate Finance. Sun’s tweet, “All roads lead to #TRON,” hints at broader ecosystem integration. Meanwhile, Tron’s revenue surge and Nasdaq listing validate its hybrid model: part blockchain innovator, part Wall Street darling.
FAQ: Tron’s Nasdaq Debut and TRX Surge
How did Tron Inc. go public?
Through a reverse merger with SRM Entertainment, avoiding a traditional IPO.
What’s TRX’s current market position?
8th by market cap ($29B), surpassing Cardano’s ADA.
What’s next for TRX’s price?
Analysts at BTCC note resistance at $0.335; a break below $0.3067 may signal a drop to $0.29.
