Tron Inc Officially Listed on Nasdaq

Tron Inc (TRON Inc), founded by Justin Sun, held its official opening bell ceremony at the Nasdaq MarketSite in Times Square. The event marked a key moment in the company's rebranding as a technology holding focused on blockchain solutions. However, despite the occasion, the total value locked (TVL) in the Tron network dropped by $136 million.

Unconventional IPO Through Reverse Merger

Tron Inc's Nasdaq listing was the result of a $210 million reverse merger. This alternative path to becoming a public company involves merging with an already publicly traded entity, allowing Tron to bypass the traditional IPO process while still gaining access to the Nasdaq exchange.

According to the official press release, the ceremony was opened by Justin Sun himself. Rich Miller, CEO of Tron Inc, stated that the event symbolizes the company’s transition into a “new era of digital innovation.” Tron plans to expand its asset management strategy and integrate blockchain into corporate finance. Notably, Tron Inc aims to use TRX as a core component of its digital treasury model, similar to the strategy adopted by MicroStrategy.

Ties to the Trump Family and the Role of Dominari Securities

The merger was facilitated by New York-based investment bank Dominari Securities, which has close ties to the sons of U.S. President Donald Trump - Eric Trump and Donald Trump Jr. Eric Trump has joined the leadership team of the newly structured Tron Inc.

TVL and TRX Token Price in Decline

Despite the high-profile publicity campaign, the total liquidity locked in projects built on Tron has continued to fall. TVL declined from $5.847 billion at the time of the IPO announcement to $5.711 billion as of the morning of July 24. This trend may indicate an outflow of funds from the ecosystem.

At the same time, the price of TRX has dropped by 4,54% over the past week and is currently trading at $0.3144. Nevertheless, TRX has gained 132% over the past year and 14,8% in the last month.

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