In the wake of rising geopolitical tensions, Tron, the $26 billion blockchain network founded by Justin Sun, announced its entry into public markets through a reverse merger with Nasdaq-listed SRM Entertainment. This strategic move aims to bridge blockchain projects with traditional finance.
The merger, facilitated by Dominari Securities, involves a $210 million injection of Tron tokens into the new company, which will be renamed Tron Inc. This announcement follows the U.S. Securities and Exchange Commission's (SEC) decision to pause its investigation into Sun and his companies.
Tron's on-chain fundamentals remain robust, with daily transaction volumes increasing from 4.3 million in early 2024 to over 8 million by mid-May 2025, reflecting a 95% rise. The network has surpassed Ethereum in total USDT supply, with $75.8 billion in circulation.
As of June 18, 2025, the price of Tron (TRX) is $0.273374 USD, with a 0.00% change from the previous close. The intraday high is $0.274683 USD and the intraday low is $0.26807 USD.