17.06.2025 15:35

Tron Group, helmed by Justin Sun, is poised for a US public listing via a reverse merger with Nasdaq-listed SRM Entertainment, sidestepping the conventional IPO route. This strategic move followed the announcement on Monday, June 16th, triggering a dramatic surge in SRM Entertainment's stock price.

The subsequent trading day saw SRM Entertainment's share price skyrocket by a phenomenal 533.79%, closing at $9.19. This represents a weekly increase exceeding 1000% from its recent low of $0.82, showcasing remarkable investor enthusiasm. Sun, referring to the merged entity as Tron MicroStrategy, attributed this explosive growth to strong market confidence in the initiative.

Adding to the excitement, Sun proudly declared that Tron MicroStrategy's daily trading volume had surpassed $1.8 billion. This significant achievement, he highlighted on social media, eclipsed the daily trading volumes of tech giants Alibaba ($1.19 billion) and Tencent ($700 million). He further emphasized the considerable public and market excitement surrounding this development.

The rapid increase in trading volume reflects a growing acceptance of Tron MicroStrategy within the broader cryptocurrency market and underlines confidence in its future prospects. The company plans to soon establish reserves for its Tron TRX cryptocurrency, currently trading at $0.28 with a market capitalization of $26.34 billion and a 24-hour trading volume of $1.12 billion. This substantial trading activity underscores the significant market interest generated by the impending public listing.