Eric Trump denies public role in Sun’s Tron firm, confirming only his link to the deal’s broker, Dominari Securities.
Justin Sun claims largest Trump memecoin stake, advises USD1 stablecoin project tied to Trump family on Tron’s network.
Tron (TRX) is currently priced at $0.2789, registering a +1.46% gain in the last 24 hours. Over the past week, TRX is down slightly by -0.98%, but it shows a monthly increase of +2.38% and an impressive +137.81% gain over the past year, making it one of the best-performing Layer 1 tokens in that time frame.
Source: TRX/Tradingview
It remains below its all-time high of $0.4505, reached in December 2024, but its long-term price action is firmly bullish relative to many altcoins.
Fundamentally, Tron has carved out a unique role in the crypto space as a dominant blockchain for stablecoin settlements, especially in Asia. It operates as a delegated proof-of-stake (DPoS) Layer 1 chain and has become a backbone infrastructure for Tether (USDT) transfers, accounting for billions in daily transaction volume.
Recent developments include continued integration with various DeFi and Web3 projects. Tron has also maintained strategic positioning through close collaboration with exchanges, custody providers, and financial institutions in the Asia-Pacific region, allowing it to avoid much of the regulatory noise faced by Western-centric projects. Although not as “hyped” in social media as other Layer 1s, its consistent usage metrics and stable infrastructure have built long-term credibility.
From a technical analysis standpoint, TRX is showing strong signs of accumulation. The asset is trading near the upper boundary of a rising channel, with moving averages and oscillators (daily, weekly, monthly) all flashing “strong buy” signals.
Source: TRX/Tradingview
ETHNews analysts project a potential retest of the $0.32–$0.36 zone in the short term, with breakout potential toward the $0.40–$0.45 level if broader market sentiment remains positive. On the downside, $0.25 remains a critical support level to watch.
Eric Trump Denies Role in Tron Company; Deal Structure Raises Questions
Eric Trump has stated he holds no public position within a new Tron-related company led by Justin Sun. This clarification followed reports linking the son of former U.S. President Donald Trump to Sun’s venture.
Market observers noted interest when Eric Trump’s name surfaced regarding Sun’s plan for a public listing involving TRX, the Tron blockchain’s native token. However, Eric Trump directly refuted any official role.
He confirmed a separate connection to Dominari Securities, a broker-dealer acting as the exclusive agent for Sun’s deal. Eric Trump and his brother, Donald Trump Jr., joined Dominari’s advisory board in February.
“Links between technology businesses and individuals with political ties are not new,” Yuriy Brisov, a partner at Digital and Analogue Partners, commented. He added that such links can prompt examinations about a tech company’s autonomy and neutrality.
Sun recently declared himself the largest owner of a Donald Trump-themed memecoin, earning him a dinner invitation from the former president. Separately, on June 11, Sun announced the creation of the first USD1 stablecoins on the Tron network. USD1 is issued by World Liberty Financial, a project with Trump family associations. Sun is listed as the project’s main financial backer and an advisor.
Tron’s Path vs. Circle’s IPO
Sun’s announcement arrives after Circle Internet Financial completed a traditional initial public offering (IPO). Circle’s USDC stablecoin currently ranks as the seventh-largest cryptocurrency by market value, positioned just above Tron’s TRX.
Brisov contrasted the two approaches:
“Typically, blockchain firms select clearer paths to public listings. This choice aims to build confidence among potential investors, who often approach cryptocurrency companies cautiously. Consequently, Circle’s method seems more established at this time.”
Reverse mergers saw frequent use in the 2000s, particularly by Chinese firms seeking U.S. listings. Brisov pointed out that some of these firms later encountered accusations of financial impropriety. These incidents led to heightened regulatory oversight and removals from exchanges.
This historical pattern does not indicate wrongdoing in every reverse merger case. The U.S. Securities and Exchange Commission (SEC) did implement stricter rules for reverse listings in 2011. This action responded to the influx of China-based companies using this method.
Regulatory Overhang
An unresolved SEC lawsuit also affects Tron. The regulator accuses Sun and his associated companies of selling TRX and BitTorrent (BTT) tokens as unregistered securities. Brisov indicated this situation introduces questions about adherence to securities laws. If TRX is ultimately classified as a security, Tron Inc. might encounter further regulatory requirements.
