Tron (TRX) Set to Go Public in U.S. via $210M Reverse Merger with SRM Entertainment, Eric Trump to Lead
In a significant development for the cryptocurrency sector, Tron (TRX) is poised to become a publicly traded company in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment. The deal, valued at $210 million in token holdings, marks a major milestone for Tron and its founder, Justin Sun, following the SEC''s recent decision to drop its fraud investigation. Adding to the intrigue, Eric Trump will assume a leadership role in the newly formed Tron Inc., further tying the company to the Trump family''s growing involvement in the crypto space. This move is expected to bolster Tron''s visibility and credibility in the mainstream financial markets, potentially driving increased adoption and value for TRX holders. The merger comes at a pivotal time for the crypto industry, as digital assets continue to gain traction among institutional and retail investors alike. With this strategic entry into the public markets, Tron is well-positioned to capitalize on the expanding opportunities in the blockchain and digital finance sectors.
Tron to Go Public in U.S. via Reverse Merger with SRM Entertainment, Eric Trump to Lead
Tron is set to become a publicly traded company in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment. The deal, valued at $210 million in token holdings, comes months after the SEC dropped its fraud investigation into TRON founder Justin Sun.
Eric Trump will take a leadership role in the newly formed Tron Inc., linking the company to the Trump family''s crypto initiatives. The merger is being managed by Dominari Securities, a firm with ties to Donald Trump Jr. and Eric Trump.
TRX surged to over 27 cents as investors reacted to the news of the public listing and plans to issue $210 million worth of tokens. The corporate structure mirrors Michael Saylor''s strategy, with a significant TRX balance in its treasury—a MOVE analysts say could drive long-term demand for the token.
Eric Trump Denies Public Role in Tron’s Nasdaq Push Despite Ties to Deal Broker
Eric TRUMP has publicly distanced himself from any direct involvement in Tron''s planned Nasdaq listing, despite his advisory role at Dominari Securities, the firm facilitating the deal. His recent social media post praised Tron founder Justin Sun as a "great friend and an icon in the crypto space" but emphasized no public participation.
Tron''s path to going public involves a reverse merger with SRM Entertainment, backed by a $100 million investment from an undisclosed source. The company will rebrand as "Tron" and adopt a new crypto treasury strategy, with SUN serving as an advisor. Dominari Securities, headquartered in Trump Tower, is managing a $210 million stock offering tied to the merger.
The growing relationship between Justin Sun and the Trump family continues to draw scrutiny, particularly amid a paused SEC investigation. Market watchers are speculating about potential private dealings, given Eric Trump''s ambiguous phrasing regarding "public involvement."
Eric Trump''s $100M TRX Deal Sparks 500% Stock Surge Amid Crypto Volatility
Eric Trump''s entry into cryptocurrency markets has triggered seismic shifts, with SRM Entertainment''s $100 million TRX treasury deal sending shares soaring over 500%. The transaction reveals how political connections are reshaping digital asset markets during a period of extreme volatility.
The complex deal structure involves 100,000 Series B convertible preferred shares, convertible into 200 million common shares at $0.50 each, plus 220 million warrants—creating a potential $210 million transaction. Dominari Securities, with established Trump family ties, facilitated the deal that will transform the company into tron Inc., with Justin Sun taking advisory roles.
Market response was immediate and explosive, with SRM shares rocketing to $8.80 during Monday''s trading session. This volatility underscores both the opportunities and risks in crypto markets, where regulatory uncertainty and security concerns persist alongside massive growth potential.
Stablecoin Shift: Tron Tops Weekly Inflows With $1.38B, Avalanche Suffers Major Outflow
Tron (TRX) dominated stablecoin inflows last week with a staggering $1.38 billion increase in USDT and USDC on its network, according to Lookonchain data. ethereum followed closely with $1.12 billion in inflows, reinforcing its dominance in DeFi and institutional applications.
Avalanche (AVAX) experienced the most significant outflow, losing $768.6 million in stablecoin reserves. Meanwhile, newer platforms like Hyperliquid and Arbitrum saw notable gains of $285.2 million and $202 million respectively, signaling growing confidence in decentralized systems.
The movements reflect shifting investor preferences during a volatile market period, with established chains like Tron and Ethereum maintaining strong positions while some competitors faced substantial withdrawals.
TRON Makes Nasdaq Debut via SEC-Approved Reverse Merger, Shares Surge $100M
Justin Sun''s TRON blockchain platform has achieved a groundbreaking milestone by going public through a $210 million reverse merger with SRM Entertainment. The deal, cleared after an SEC pause probe, marks the first major crypto platform to access public markets via this structure.
The TRON Nasdaq debut triggered a $210 million treasury strategy, with the company positioning itself to benefit from TRX token appreciation while offering traditional investors exposure to crypto markets. SRM Entertainment will hold substantial TRX tokens, mirroring MicroStrategy''s Bitcoin strategy.
Market response was immediate, with shares jumping $100 million and lifting the company''s market cap to approximately $140 million. The move reflects shifting regulatory attitudes toward digital assets and strengthens Sun''s political connections in the financial sector.