Breaking news! Sun Yang teams up with the Trump family, Tron goes public through a reverse merger, rewriting valuation logic:
Ignited by an explosive piece of news: Tron founder Justin Sun announced that he will achieve a U.S. stock market listing through a reverse merger with Nasdaq-listed SRM Entertainment. The orchestrator of this deal is Dominari Securities, an investment bank linked to the Trump family, and Trump's second son Eric Trump may join the new company's management team.
As soon as the news broke, SRM's stock price skyrocketed by 526% in a single day, with the price of $TRX coins rising in sync, prompting the market to exclaim: "The valuation logic of TRX has completely changed!"
This operation by Sun is referred to by himself as the TRON version of MicroStrategy, planning to inject $210 million in TRX tokens as core asset reserves. In the past, TRX's value was anchored to on-chain transaction fees and a destruction mechanism; now, it is endowed with "store of value" attributes similar to gold and Bitcoin, and may even enter the investment portfolios of traditional financial institutions through U.S. stock channels.
More critically, the U.S. SEC's lawsuit against Justin Sun has been paused after a statement of "loose regulation" from the Trump administration, clearing the way for the listing. Political endorsement combined with compliance breakthroughs, TRX has officially jumped from the "gray area" into the mainstream financial system.
As of the time of writing, SRM is reported at $10, with a single-day trading volume increase of 1457%. TRX also rose in tandem, with on-chain trading volume exceeding $20 billion on average per day.
When TRX becomes an asset of a listed company, its valuation logic will shift from "cryptocurrency consensus" to "U.S. stock valuation model". Do you think this experiment with TRX can succeed?
