Justin Sun and Trump — a billion-dollar crypto bromance built on deals and dinners
What does the reverse merger between Tron and SRM reveal about Justin Sun’s strategy, and how does Trump’s indirect involvement influence its market perception?
Tron goes public through the backdoor
On Jun. 16, Tron (TRX), the blockchain network founded by Justin Sun, completed a reverse merger with SRM Entertainment, a small Nasdaq-listed firm known for licensing theme park merchandise.
Valued at up to $210 million, the deal quickly drew attention due to its political connections and unconventional structure. Rather than pursuing a traditional IPO, Tron became public by acquiring SRM through a reverse listing. The new entity has been rebranded as Tron Inc.
As part of the transaction, SRM received a…
