Tron Inc. lists on Nasdaq via reverse merger with SRM TRX volume surges 36.33% stock drops 10.68%

Tron Inc., the company behind the TRON blockchain, has completed a landmark transition to a publicly traded entity on Nasdaq through a reverse merger with SRM Entertainment, a U.S.-based toy manufacturer. This move, finalized in July 2025, marks a pivotal step in bridging decentralized technology with traditional finance. The listing was accompanied by a 36.33% surge in TRX trading volume within 24 hours, reaching $1.83 billion, and a slight price increase to $0.3137 [1]. The company now holds over 365 million TRX tokens, valued at approximately $115 million, establishing itself as the largest public holder of the cryptocurrency [2].

The reverse merger strategy, rather than a traditional initial public offering (IPO), allowed Tron to expedite its Nasdaq debut by leveraging SRM Entertainment’s existing listing. While SRM’s core toy business remains operational, the merged entity is repositioning itself with a dual focus on digital assets and physical products. This model aims to provide investors with exposure to both blockchain innovation and tangible market segments [3]. During the listing ceremony, founder Justin Sun, who has transitioned to a global advisory role, emphasized the significance of the milestone, describing it as a “start to the cryptocurrency era” and a 15-year-long dream realized [4].

The market response to the debut was mixed. While TRX’s liquidity gains signaled strong demand, Tron Inc.’s stock (ticker: TRON) closed at $8.74—a 10.68% decline from its opening price—highlighting investor caution about the sustainability of the business model [5]. Analysts suggest the listing imposes stricter transparency requirements on the crypto sector, aligning it with Wall Street’s regulatory expectations [6].

Beyond financial markets, Tron Inc. is pursuing a broader vision to integrate blockchain with entertainment. The company has partnered with animation studios and gaming firms to tokenize intellectual property and distribute rewards via NFTs, targeting its 140 million active users [7]. Additionally, Tron’s public treasury of TRX tokens, fully traceable on the blockchain, is positioned as a transparency model for asset management [8].

Justin Sun’s influence extends into political spheres, with notable ties to U.S. President Donald Trump. Tron has backed Trump-related crypto ventures, including the $TRUMP meme coin and USD1 stablecoin, which it now mints. This alignment underscores the growing interplay between blockchain projects and political entities [9]. Looking ahead, Sun remains in the spotlight with plans to join Blue Origin’s next space mission, a move that aligns with his strategy to maintain high visibility for both himself and Tron [10].

Critics have raised concerns about the implications of Tron’s semi-centralized governance structure. While the company touts verifiable transactions and real-time traceability, skeptics argue that such models risk concentrating power in the hands of a few, contradicting the decentralization ethos of blockchain [11]. Despite this, experts predict that Tron’s approach could accelerate blockchain adoption in corporate strategies, with 42% of leading CEOs expected to explore blockchain systems within two years [12].

The Nasdaq listing represents a broader shift in how blockchain firms are engaging with traditional markets. By combining digital asset management with physical product lines, Tron Inc. aims to create a hybrid model that attracts both crypto-native and institutional investors. Whether this strategy proves scalable remains to be seen, but its success could set a precedent for other blockchain projects seeking public market validation.

Source:

[1] Coinpedia, [https://coinpedia.org/news/justin-suns-tron-inc-is-now-public-on-nasdaq-full-details/](https://coinpedia.org/news/justin-suns-tron-inc-is-now-public-on-nasdaq-full-details/)

[2] Coinpedia, [https://coinpedia.org/news/justin-suns-tron-inc-is-now-public-on-nasdaq-full-details/](https://coinpedia.org/news/justin-suns-tron-inc-is-now-public-on-nasdaq-full-details/)

[3] Cryptonomist, [https://en.cryptonomist.ch/2025/07/25/tron-lands-on-nasdaq-blockchain-revolution-between-finance-and-entertainment-heres-what-really-changes/](https://en.cryptonomist.ch/2025/07/25/tron-lands-on-nasdaq-blockchain-revolution-between-finance-and-entertainment-heres-what-really-changes/)

[4] Nasdaq, [https://www.nasdaq.com/videos/tron-inc-rings-nasdaq-stock-market-opening-bell](https://www.nasdaq.com/videos/tron-inc-rings-nasdaq-stock-market-opening-bell)

[5] Stocktwits, [https://stocktwits.com/news-articles/markets/equity/tron-stock-slides-in-nasdaq-debut-after-reverse-merger-with-srm/ch8yxo8R5Hi](https://stocktwits.com/news-articles/markets/equity/tron-stock-slides-in-nasdaq-debut-after-reverse-merger-with-srm/ch8yxo8R5Hi)

[6] Cryptonomist, [https://en.cryptonomist.ch/2025/07/25/tron-lands-on-nasdaq-blockchain-revolution-between-finance-and-entertainment-heres-what-really-changes/](https://en.cryptonomist.ch/2025/07/25/tron-lands-on-nasdaq-blockchain-revolution-between-finance-and-entertainment-heres-what-really-changes/)

[7] Cryptonomist, [https://en.cryptonomist.ch/2025/07/25/tron-lands-on-nasdaq-blockchain-revolution-between-finance-and-entertainment-heres-what-really-changes/](https://en.cryptonomist.ch/2025/07/25/tron-lands-on-nasdaq-blockchain-revolution-between-finance-and-entertainment-heres-what-really-changes/)

[8] Cryptonomist, [https://en.cryptonomist.ch/2025/07/25/tron-lands-on-nasdaq-blockchain-revolution-between-finance-and-entertainment-heres-what-really-changes/](https://en.cryptonomist.ch/2025/07/25/tron-lands-on-nasdaq-blockchain-revolution-between-finance-and-entertainment-heres-what-really-changes/)

[9] Cryptonomist, [https://en.cryptonomist.ch/2025/07/25/tron-lands-on-nasdaq-blockchain-revolution-between-finance-and-entertainment-heres-what-really-changes/](https://en.cryptonomist.ch/2025/07/25/tron-lands-on-nasdaq-blockchain-revolution-between-finance-and-entertainment-heres-what-really-changes/)

[10] Coinpedia, [https://coinpedia.org/news/justin-suns-tron-inc-is-now-public-on-nasdaq-full-details/](https://coinpedia.org/news/justin-suns-tron-inc-is-now-public-on-nasdaq-full-details/)

[11] Cryptonomist, [https://en.cryptonomist.ch/2025/07/25/tron-lands-on-nasdaq-blockchain-revolution-between-finance-and-entertainment-heres-what-really-changes/](https://en.cryptonomist.ch/2025/07/25/tron-lands-on-nasdaq-blockchain-revolution-between-finance-and-entertainment-heres-what-really-changes/)

[12] Cryptonomist, [https://en.cryptonomist.ch/2025/07/25/tron-lands-on-nasdaq-blockchain-revolution-between-finance-and-entertainment-heres-what-really-changes/](https://en.cryptonomist.ch/2025/07/25/tron-lands-on-nasdaq-blockchain-revolution-between-finance-and-entertainment-heres-what-really-changes/)