Tron (TRX) Makes Historic Nasdaq Debut via Reverse Merger with SRM Entertainment

In a groundbreaking move for the cryptocurrency industry, Tron Inc., the largest public holder of TRX tokens, has successfully gone public on Nasdaq through a reverse merger with SRM Entertainment, a well-established toy manufacturer supplying major brands like Disney and Universal. This strategic listing marks a significant milestone in the integration of digital assets into traditional finance. Justin Sun, the visionary behind Tron, personally rang the opening bell, describing the event as "a dream 15 years in the making" and heralding it as the beginning of a new era for blockchain technology in mainstream markets. The unconventional approach of merging with an existing public company rather than a traditional IPO showcases the innovative spirit of the crypto sector. As of July 2025, this development positions TRX for increased institutional adoption and could potentially drive significant value appreciation for the token. The listing represents not just a win for Tron but for the entire cryptocurrency ecosystem, demonstrating the growing acceptance of digital assets by conventional financial markets. Market analysts are closely watching how this unprecedented move will influence both TRX's valuation and the broader perception of cryptocurrencies in global finance.

Justin Sun’s Tron Inc. Goes Public on Nasdaq via Reverse Merger

Tron Inc., the largest public holder of TRX tokens, has made its Nasdaq debut through an unconventional reverse merger with SRM Entertainment, a toy manufacturer supplying major brands like Disney and Universal. The MOVE marks a significant milestone for cryptocurrency's integration into traditional finance.

Justin Sun rang the opening bell, calling the listing "a dream 15 years in the making" and declaring it the start of cryptocurrency's era on Wall Street. The newly public entity holds 365 million TRX tokens worth approximately $115 million.

Market reaction was immediate, with TRX trading volume surging 36.33% to $1.83 billion within 24 hours of the listing. The company plans to operate with a hybrid crypto treasury model, offering investors exposure to both digital assets and physical products.

TRON H1 2025: Consistent Growth Across Key Fundamental Metrics

TRON demonstrated robust performance in the first half of 2025, marked by significant onchain activity, ecosystem expansion, and sustained dominance in stablecoin infrastructure. Transaction volume, active addresses, and revenue approached record levels, underscoring the network's resilience and growth trajectory.

USDT supply on TRON surged 41% to $81.2 billion, cementing its leadership in stablecoin adoption. The network outperformed many Layer-1 competitors in user activity and revenue, reflecting its competitive edge.

Institutional interest surged as Kiln, Nansen, P2P.org, and Kraken joined as Super Representatives, bringing technical expertise and decentralization benefits. The June 2025 launch of USD1, a new stablecoin by World Liberty Financial, further diversified TRON's stablecoin offerings.

Justin Sun Marks TRON Inc.'s Nasdaq Debut with Opening Bell Ceremony as TRX Outpaces ADA

Justin Sun, founder of the tron blockchain, rang the Nasdaq Opening Bell on July 24, commemorating the public debut of TRON Inc. The company emerged from a reverse merger with SRM Entertainment, a Nasdaq-listed firm specializing in theme park merchandise, and now trades under the ticker "TRON." Rich Miller, CEO of TRON Inc., hailed the event as a milestone, emphasizing the firm's blockchain-powered treasury strategy and Sun's advisory role.

TRX, the native token of the TRON network, briefly flipped Cardano's ADA in market capitalization rankings amid the Nasdaq debut. The token's price steadied within an ascending channel after a failed breakout attempt, with the 20-day EMA providing support. Analysts note the upper-channel consolidation increases the likelihood of another push toward $0.40.