On some occasions, lofty aspirations give wings to the most unusual pursuits, with TRON Cruises among them. TRON aims at entering the public market under the name Tron Inc., through a reverse merger with Nasdaq-listed SRM Entertainment. The reverse merger includes a gargantuan infusion into the SRM treasury consisting of the issuance of $210 million in TRX tokens and an additional investment of $100 million in private equity.
The news sent SRM stocks soaring over 500%. Regulatory conditions under current SEC Chair Paul Atkins are more favorable for crypto business, thus probably facilitating the circulation of TRON in conventional stocks. Rumors notwithstanding, Eric Trump has allegedly been advising in this ambitious financial operation, adding to the charisma and investor interest.
In parallel, TRON blockchain achieved another milestone by taking over Ethereum in the stablecoin activity, channeled through USDT transactions worth more than $80 billion. Analysts forecast that TRX could ascend dramatically, possibly reaching upwards of $0.40 in the short term, fueled by its robust stablecoin ecosystem and mainstream adoption momentum.
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