Tron (TRX) Price Surge: Nasdaq Listing Rumors & Future Outlook
2025-06-17 10:23:04Tron (TRX) Surges on Nasdaq Listing Rumors: A Strategic Play or Overhyped Move?
A Sudden Spike Amidst Market Uncertainty
The cryptocurrency market witnessed an unexpected surge in Tron (TRX) prices this week, fueled by reports of a potential Nasdaq listing through a reverse merger with SRM Entertainment. TRX climbed by 5% in 24 hours, briefly touching $0.296 before settling around $0.28, as investors reacted to the news of Justin Sun’s latest strategic maneuver.
But is this rally sustainable, or just another speculative bubble?
The Backstory: Tron’s Path to Public Markets
Tron, founded in 2017 by controversial entrepreneur Justin Sun, has long been one of the most talked-about blockchain projects. Known for its high-speed, low-cost transactions and dominance in stablecoin settlements (particularly USDT on the Tron network), the platform has amassed over 200 million user accounts and processes $20 billion in daily transactions.
However, regulatory scrutiny has shadowed Sun’s ventures. In 2023, the U.S. SEC charged him with selling unregistered securities and market manipulation, though the case was mysteriously paused in February 2025—coinciding with Sun’s deepening ties to Trump-affiliated entities.
Now, Sun is attempting a bold move: taking Tron public without a traditional IPO.
The Reverse Merger Strategy: A Shortcut to Wall Street?
SRM Entertainment, a Nasdaq-listed toy company, announced on June 16 that it had entered into a $100 million stock purchase agreement with a private investor linked to Tron. The deal includes:
Rebranding SRM as "Tron Inc."
Justin Sun joining as an advisor
A planned TRX staking program to generate shareholder dividends
Potential additional funding up to $210 million if warrants are exercised.
This mirrors MicroStrategy’s Bitcoin-heavy treasury strategy, but with TRX as the core asset. The move could provide Tron with a U.S.-listed entity to hold and stake TRX, bypassing the lengthy IPO process while gaining Wall Street exposure.
Market Reactions: Optimism vs. Skepticism
The immediate market response was bullish, with SRM’s stock soaring over 300% in a single day, from $1.45 to $6.70. TRX also saw a 3% bump, though it failed to break the critical $0.30 resistance level.
However, skepticism remains:
Regulatory Risks: The SEC’s paused case could resurface, especially if the merger draws scrutiny.
Political Connections: Sun’s $75 million investment in Trump-linked "World Freedom Financial" and his attendance at a Trump-hosted crypto dinner raise questions about regulatory favoritism.
Supply Dynamics: Tron’s Proposal 102, which aims to reduce block rewards, could tighten supply—but its impact remains uncertain.
What’s Next for TRX? Key Levels to Watch
Technical analysts highlight two critical price zones:
Upside: A break above $0.30 could trigger a 12% rally toward $0.33, with long-term targets at $0.42 if bullish momentum holds.
Downside: Failure to hold $0.265 may lead to a retest of $0.25, a crucial support level.
Meanwhile, the broader crypto market watches whether Tron’s listing gamble will pay off—or if this is another short-lived hype cycle.
Share Your Thoughts on Our X
Do you believe Tron’s Nasdaq move will stabilize TRX’s price, or is this just another speculative play? Join the discussion.
Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.
Sources:
FXStreet: "TRON Gains on Rumored U.S. Listing Plans: Financial Times"
Cryptopolitan: "Tron Plans to Go Public in the U.S. via Reverse Merger with SRM Entertainment"
Gate.io: "Tron Price Prediction: Is a 7-Year Breakout Imminent?"
Cointelegraph: "Nasdaq Firm Tron Inc. Plans $210M TRX Treasury"
CoinDesk: "Tron Looks to Go Public in the U.S., Form TRX Holding Firm"
The Coin Republic: "Justin Sun’s Tron to Go Public with Eric Trump Likely Onboard"
Tron Weekly: "Tron (TRX) Breaks Out with Force, Eyes Set on $0.30-$0.42 Range"