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Cryptocurrency News Video
World Liberty - The Tron Dynasty ($TRX)
Jun 17, 2025 at 12:48 pm The Stockwave
🚀 What Sparked the Rally in SRM? Reverse merger with Tron: SRM Entertainment, best known for toys, announced a reverse merger with Tron — Justin Sun’s blockchain company — to rebrand as Tron Inc., injecting up to $210 million worth of TRX tokens into its treasury New $100M equity round: On top of the TRX capital, SRM secured $100 million from an undisclosed investor to buy more Tron tokens . This massive blockchain pivot triggered an extraordinary 500–650% jump in SRM’s share price—from around $1.40 to highs above $9 before closing near $9.19 How TRX Token Was Affected TRX saw a modest boost of around 3–4%, rising from about $0.27 to $0.28 following the announcement The move echoes others like MicroStrategy: companies adapting blockchain treasuries by holding large amounts of digital assets Trump Family Connection The reverse merger is being arranged by Dominari Securities, an investment firm based in Trump Tower, with both Eric Trump and Donald Trump Jr. serving as advisers Eric Trump is reportedly expected to take an executive role at the merged company; however, he has publicly denied a formal operational role despite praising Sun and the project Justin Sun has strengthened political ties: investing $75M in World Liberty Financial (a Trump-backed crypto venture), attending Trump memecoin events, and calling himself a “Top Fan” of President Trump Why It Matters SRM’s transformation: A small toy company suddenly becomes a $210M crypto treasure chest with blockchain ambitions. Political/Regulatory tug‑of‑war: The Trump family's involvement raises eyebrows about political influence and crypto-favorable regulatory drift—especially since the SEC paused investigations into Sun earlier this year Market impact: The sensational price action in SRM highlights how quickly equities tied to crypto can spike, although real TRX holdings offer more modest gains.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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