Tron is targeting Wall Street through the opposite merger

Justin Sun's tron network is preparing for entry into the US exchanges. It should merge with the company SRM Entertainment listed on the Nasdaq and thus avoid a conventional IPO.

The deal evaluates the merged company with around $ 210 million in Trx, the native token of Sun, and creates a “strategy style” holding that is devoted to the expansion of the tron ecosystem.

The markets reacted quickly: Trx rose by almost 5% to around $ 0.28 and thus briefly overtook Dogecoin to eighth place in cryptocurrencies. Both cryptocurrencies are around $ 26 billion market capitalization.

This step takes place less than two years after the SEC SUN sued for alleged market manipulation-an indictment that the authority traceable in February when it retired from the aggressive crypto control.

The IPO through a reverse merger enables Tron to list it on the Nasdaq without the regulatory hurdles of a formal IPO.

If the transaction is completed, it would be one of the most important US stock exchange events of a large blockchain project and would strengthen Justin Sun's continued push into the mainstream finance world.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.