My folks, hold on to your hats because this is heating up! 🔥 The one and only Justin Sun, the millionaire behind TRON, is going to the US stock market! And the spiciest part of the news is that it’s said Eric Trump, yes, the son of the former president, could be involved in this juicy business. This is a novel of twists and bills! 💸
The news exploded after the United States Securities and Exchange Commission (SEC), which is sometimes stricter than a grandmother with a slipper, left Sun's companies alone! As soon as this was known, the price of TRON (TRX) skyrocketed by 3%, like a rocket out of control! 🚀
The "Trump Card" of TRON: A Fusion of Millions?
According to the gossip released by the Financial Times, TRON is going to launch into the American public market through a reverse merger with a company already listed on Nasdaq, SRM Entertainment. And here comes the good part! This big deal was orchestrated by Dominari Securities, an investment bank that has strong ties with Donald Trump Jr. and Eric Trump. Not bad! 🤫
As part of this deal, SRM Entertainment will change its name to Tron Inc., and they will inject $100 million to create a "treasury" strategy for the TRX token. Imagine, they will have a strategic reserve to make the price of TRX stronger than Cuban coffee!
In addition to Justin Sun being named advisor to the new company, Eric Trump is expected to take the lead in a leadership role! Now that’s a twist! The company also plans to distribute dividends, meaning cash for shareholders, once the TRX staking program is running like a Swiss clock. 🕰️
TRON: Dominating the World with the Stablecoin!
The plan is for SRM Entertainment to issue a lot of shares and buy orders that, in total, represent a strategic investment of $210 million. With this money, the company will develop that treasury strategy for TRON, betting on global blockchain adoption and digital innovation. They want TRON to be the king of the digital jungle! 🦁
Justin Sun, with his eagle vision, stated that with over 310 million accounts of international users and an average daily transaction volume that exceeds $20 billion, TRON wants to be the preferred platform for blockchain settlements worldwide. Almost nothing!
Rich Miller, the head of SRM Entertainment, is more excited than a child with a new toy. He said they are happy to invest in this technology that is being adopted everywhere. And pay attention: he claimed that "TRON has become the industry leader in cross-border settlements with the stablecoin in US dollars." That's a real score! 🥅
And the news has already worked its magic: shares of SRM Entertainment (SRM) soared by more than 340%! They went from $1.39 to $6.42 when the market opened on Monday. Madness!
TRX in the Sky: A Historical Spike?
TRON's TRX token didn't stay behind and rose by 3% after the announcement, trading at $0.2812. In the last 24 hours, its trading volume inflated by 214%, meaning people are going crazy buying and selling! Interest in TRX futures also soared by 27%, reaching $398.21 million. Pure adrenaline! 🎢
Recently, TRX also had a 6% boost when a new stablecoin, USD1, was launched on the Tron blockchain. Although that boost deflated a bit, Justin Sun is convinced that USD1 is a giant step for stablecoins.
So, my folks, the crypto world keeps surprising us. Justin Sun and the Trumps could be cooking something big with TRON! Stay alert!$TRX