Tron's Daily Trading Volume Surpasses Alibaba, Tencent, SRM Entertainment Shares Soar 534%

On June 17, Justin
, the founder of , announced that Tron MicroStrategy’s daily trading volume had surpassed $1.8 billion, outpacing the daily trading volumes of and Tencent, which stood at $1.19 billion and $700 million respectively. This came on the heels of a significant announcement made the previous day, June 16, that Tron would go public in the US through a reverse merger with SRM Entertainment, a company specializing in children’s products.Sun highlighted the enthusiasm surrounding the latest Tron-related initiative, noting that both the public and the market were highly receptive to the news. He pledged that the team would continue to work diligently to build on this momentum. The reverse merger between Tron and SRM Entertainment is set to create a new entity called Tron Inc, which will focus on buying and holding TRX, mirroring the strategy adopted by
, a company known for its significant investments in Bitcoin.Following the announcement of the merger, SRM Entertainment’s share price experienced a remarkable surge, increasing by almost 534% and trading at $9.19. The daily trading volume of SRM Entertainment also saw a significant increase, reaching between 240 million and 250 million shares, compared to its 65-day average of over 4 million shares. As of June 17, the daily trading volume of SRM Entertainment surpassed $2 billion, reflecting the market’s positive response to the merger news.
In addition to the surge in SRM Entertainment’s share price, Tron’s native cryptocurrency, TRX, also saw a price increase. TRX recorded a price spike of more than 3% on June 16 following the merger announcement and continued to trade in the green, with a 2% increase in the past 24 hours. This price movement underscores the market’s optimism regarding the future prospects of Tron and its strategic initiatives.
Ask Aime: What's the impact of Tron's public listing on its native cryptocurrency?
Despite speculation that Eric Trump, the son of the US President, might be involved in the new project, he clarified on X that he did not have any public involvement. However, he expressed his admiration for Tron and Sun, describing him as “a great friend and an icon in the crypto space.” Regardless of Eric Trump’s involvement, the “Tronstrategy” has shown promising results, indicating a positive market sentiment towards Tron’s strategic moves.

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