Justin Sun’s Tron Seeks U.S. Listing, TRX Surges Over 8%!
TradingKey – Tron is pursuing a Nasdaq listing, sending TRX soaring over 8%.
On Monday, June 16, Tron’s native token TRX saw a sharp price increase following reports that Justin Sun’s blockchain platform is seeking a U.S. listing. TRX surged over 8%, reaching a high of $0.29, before settling at $0.27.
TRX Price Chart – Source: TradingView.
According to the Financial Times, Tron plans to go public in the U.S. via a reverse merger with Nasdaq-listed SRM Entertainment. The deal is being orchestrated by Dominari Securities, an investment bank linked to the Trump family.
Sources indicate that Tron will inject up to $210 million in token assets into the newly formed joint entity, which will adopt a Strategy-style investment strategy, purchasing and holding TRX as a treasury asset. While the mechanics of the transaction involve internal capital circulation, the listing could provide Tron access to U.S. equity markets and a new base of investors.
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