Tron (TRX) Makes Waves with $210M Nasdaq Deal Amid Trump-Linked Advisory
Tron''s unconventional path to going public via a reverse merger with Florida-based SRM Entertainment has drawn significant attention, particularly due to the involvement of Trump-affiliated entities. The deal, valued at $210 million, is being managed by Dominari Securities, a firm housed in Trump Tower where both Eric Trump and Donald Trump Jr. serve as advisors. Justin Sun, Tron''s founder, has increasingly aligned the project with high-profile partnerships and strategic moves, fueling speculation about TRX''s future trajectory in the crypto market. This Nasdaq deal could mark a pivotal moment for Tron, potentially boosting its visibility and adoption in traditional finance circles.
Eric Trump''s Advisory Role Sparks Speculation Amid Tron''s $210M Nasdaq Deal
Tron''s unconventional path to going public via a reverse merger with Florida-based SRM Entertainment has drawn significant attention, particularly due to the involvement of Trump-affiliated entities. The deal, valued at $210 million, is being managed by Dominari Securities, a firm housed in TRUMP Tower where both Eric Trump and Donald Trump Jr. serve as advisors.
Justin Sun, Tron''s founder, has increasingly aligned himself with Trump''s orbit, attending exclusive events and acquiring substantial stakes in Trump-linked ventures. His public endorsement by Eric Trump as a "great friend" and "crypto icon" has fueled speculation about deeper ties, despite claims of no formal involvement.
The merger will see SRM rebrand as "Tron" while building a crypto treasury of TRX tokens. This move underscores the growing intersection of political influence and cryptocurrency markets, with Sun emerging as a key player in both spheres.
Justin Sun’s Tron to Go Public via $100M Reverse Merger with Nasdaq-Listed SRM Entertainment
Tron, the blockchain platform founded by Justin Sun, is set to enter U.S. public markets through an unconventional reverse merger with SRM Entertainment, a Nasdaq-listed toy manufacturer. The deal, valued at $100 million, will see SRM rebrand as "Tron Inc" and allocate the investment toward purchasing TRX tokens for its treasury—a strategy mirroring MicroStrategy''s Bitcoin accumulation playbook.
The announcement sent SRM''s shares soaring over 500%, with Sun taking an advisory role in the newly formed entity. Notably, the transaction was facilitated by Dominari Securities, whose advisory board includes Donald Trump Jr. and Eric Trump—adding political intrigue to the crypto market maneuver.
This MOVE comes despite Sun''s ongoing SEC fraud charges, though the lawsuit has been paused under the current administration. The partnership represents a bold convergence of legacy markets and digital assets, with a theme park souvenir company pivoting to become a crypto treasury vehicle overnight.
Justin Sun''s Tron Pursues Nasdaq Listing via Reverse Merger Amid Regulatory Pause
Tron, the blockchain platform founded by controversial billionaire Justin Sun, is advancing toward a U.S. public listing through a reverse merger with Nasdaq-traded SRM Entertainment. The deal, facilitated by Dominari Securities, could materialize within weeks—coinciding with a reported moratorium on U.S. investigations into SUN and Tron.
The unconventional path to Nasdaq bypasses traditional IPO hurdles, though the platform''s valuation remains undisclosed. SRM Entertainment shares surged on the news, which carries political undertones: Dominari has Trump-family ties, and Sun previously invested $75 million in Trump-aligned projects.