Crypto Meets Wall Street: Justin Sun Rings Nasdaq Bell as Tron Inc. Goes Public
Nasdaq Debut via Reverse Merger
Justin Sun rang the Nasdaq bell for Tron Inc. (Nasdaq: TRON), born from a reverse merger with toy firm SRM Entertainment in June 2025.
Tron Inc. Now Dual-Focused
Tron Inc. retains SRM’s core toy manufacturing business (serving clients like Disney and Universal), while also adopting a crypto treasury strategy.
Massive TRX Holdings
The firm holds 365M TRX tokens, valued around $115 million, making it the largest TRX holder among public companies.
Volatile First Day Trading
Despite the PR buzz, TRON shares fell 10.68%, closing at $8.74 on its debut day.
🔍 Critical Analysis
Positive Spin: Tron Inc. may become a blueprint for future crypto-listings—by pairing real-world legacy businesses with token-based treasuries.
Caution Flags:
Regulatory uncertainty may intensify, especially as TRX becomes a listed asset on a public vehicle.
The stock’s immediate price dip signals market hesitation, possibly due to crypto volatility concerns wrapped in traditional business.