Justin Sun’s Tron Seeks U.S. Listing, TRX Surges Over 8%!
TradingKey – Tron is pursuing a Nasdaq listing, sending TRX soaring over 8%.
On Monday, June 16, Tron’s native token TRX saw a sharp price increase following reports that Justin Sun’s blockchain platform is seeking a U.S. listing. TRX surged over 8%, reaching a high of $0.29, before settling at $0.27.
TRX Price Chart – Source: TradingView.
According to the Financial Times, Tron plans to go public in the U.S. via a reverse merger with Nasdaq-listed SRM Entertainment. The deal is being orchestrated by Dominari Securities, an investment bank linked to the Trump family.
Sources indicate that Tron will inject up to $210 million in token assets into the newly formed joint entity, which will adopt a Strategy-style investment strategy, purchasing and holding TRX as a treasury asset. While the mechanics of the transaction involve internal capital circulation, the listing could provide Tron access to U.S. equity markets and a new base of investors.
Related Articles
[HOTSPOT ANALYSIS] Meta’s Investment in Scale AI: An Ambitious Step Towards AI Dominance
One of the most prominent deals in the recent months is Meta investing $14.3 billion in Scale AI, a growing AI startup with a potential to be a prominent player in the whole AI ecosystem in the coming years.
BOJ June Meeting Preview: 2025 Rate Hikes Off the Table; Slowdown in Bond Purchase Cuts?
TradingKey - On Tuesday, June 17, 2025, the Bank of Japan (BOJ) will hold its monetary policy meeting. The market widely expects that the policy interest rate will remain unchanged at 0.5%. The key focus ahead of the meeting is likely to be how quickly the BOJ will reduce its pace of scaling back...
[IN-DEPTH ANALYSIS] LULU: Can it Recover from the Drop?
TradingKey - Thesis Among the stocks of the twenty largest clothing companies by revenue, Lululemon has the fifth lowest forward PE ratio. With all the negative sentiment revolving around the stock, we believe their multiple should be higher.
[IN-DEPTH ANALYSIS] Australia: Under the Influence of Domestic and International Factors, AUD/USD Remains Bullish in the Short Term
Following the AUD/USD exchange rate increase in April and May this year, we believe there remains upside potential for the currency pair in the short term (0-3 months).
