Tron Inc., the public company holding the largest amount of TRX tokens, has officially joined the Nasdaq, and it’s a big moment not just for Justin Sun, but for crypto’s growing presence on Wall Street.
To mark the listing, Sun rang the opening bell at the exchange, calling it a dream 15 years in the making.
“Very big moment for the whole industry…..This is a start to the cryptocurrency era,” he said during his speech.
Instead of going the traditional IPO route, Tron Inc. entered the Nasdaq through a reverse merger with SRM Entertainment, a U.S.-listed toy manufacturer that supplies to big names like Disney, Universal, and Seaworld.
SRM’s original toy business remains intact, but it’s now part of a much broader strategy. The new Tron Inc. holds over 365 million TRX tokens, worth around $115 million, making it the largest TRX holder among public companies.
It’s also planning to operate with a crypto treasury model, giving investors exposure to both digital assets and physical products.
The market reacted quickly. Following the listing, TRX’s trading volume jumped 36.33% in just 24 hours, reaching $1.83 billion. The price saw a small bump too, moving from $0.3012 to $0.3137 at press time.
Shares of Tron Inc. (under the ticker TRON) closed at $8.74, down 10.68% according to Yahoo Finance.
This Nasdaq debut adds another layer to Sun’s growing influence across crypto, finance, and politics.
Over the past year, he’s developed strong ties with President Donald Trump, investing heavily in Trump’s crypto venture, World Liberty Financial, and even backing the $TRUMP meme coin and USD1 stablecoin, which Tron now helps mint.
In typical Justin Sun style, there’s more to come. After a four-year delay, he’s now confirmed to be on Blue Origin’s next space flight, another move that keeps him, and Tron, in the spotlight.
But it is something to celebrate. Crypto firms are starting to show up in traditional markets!
And this may just be the beginning.
XRP price prediction is one of the most discussed issues with the coin staying above…
Ethereum and Cardano whales are quietly shifting part of their portfolios into $0.0944 Remittix (RTX),…
Ethereum treasury companies are quickly becoming a new way for institutions to hold and manage…
The RWA sector is gaining traction as five standout projects like ONDO, HBAR, PENDLE, LINK,…
The blockchain world just crossed another important milestone. Stellar, the network powering multiple decentralized applications,…
As usual, it's been an eventful week for crypto, folks! Bitcoin hit fresh highs, but…
