Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

FTX Unstakes $30.9 Million in SOL, Can Solana Stay Strong?

July 11, 2025

Endless Protocol Teams Up with REI Network to Accelerate Web3 Development

July 11, 2025

Hugging Face’s new robot is the Seinfeld of AI devices

July 11, 2025

‘This Could Very Well Be the Ultimate Bull Trap’ – Trader Issues Urgent Crypto Warning As Bitcoin Blasts Past $118,000

July 11, 2025

Analyst Sounds The Alarm: Shiba Inu Primed For Over 1,500% Breakout

July 11, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Analyst Sounds The Alarm: Shiba Inu Primed For Over 1,500% Breakout

    July 11, 2025

    Bitcoin Breaks ATH, Hayes Flips Bullish: ‘Maelstrom Is Backing Up the Truck’

    July 11, 2025

    SUI Explodes Higher, Climbing Above 20-Day MA — But Can The Rally Hold?

    July 11, 2025

    SUI Price Eyes $3.60 Breakout After 20% Weekly Surge

    July 11, 2025

    What’s Driving Crypto in 2025? 99Bitcoins Releases Q2 Report

    July 11, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » DeFi » Justin Sun’s newly acquired SRM Entertainment stock skyrockets over 530%
DeFi

Justin Sun’s newly acquired SRM Entertainment stock skyrockets over 530%

Crypto Observer StaffBy Crypto Observer StaffJune 17, 2025No Comments3 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

SRM Entertainment, the Florida-based theme park supplier that was recently merged with Justin Sun’s TRON, saw its SRM stock soar by more than 530% at its last closing price.

According to data from Yahoo Finance, SRM Entertainment’s stock, selling under the ticker SRM, recently reached new heights after Sun announced his blockchain company Tron (TRX) is set to go public in a reverse merger involving the Florida-based company.

The SRM stock hit its highest peak by late June 16, reaching a high of 10.84, making the 10-fold leap from its initial 1.48 price just a day prior. Upon market close, SRM was still riding the high that followed after the Tron announcement made headlines, closing at 9.19.

Compared to its previous close, at 1.45 on June 13, the theme park supplier saw a 533% increase. Not only that, but the trading volume multiplied from an initial 2.05 million in shares to 250 million in trading volume.

In turn, Tron’s price also jumped to nearly $0.30 following the announcement. At press time, the token has gone up by nearly 2.5%, trading at a price of $0.28. Its current price stands 35% below its previous all-time high of $0.43 from December last year.

This meteoric rise in the Nasdaq-listed SRM stock was mostly fueled by its recent $210 million-reverse merger with Justin Sun’s Tron. However, the merger also resulted in the company considering a complete name change and a new treasury strategy.

Price chart for Justin Sun’s Tron native token, TRX, June 17, 2025 | Source: crypto.news

Justin Sun’s Tron and SRM Entertainment’s reverse merger

According to the company’s press release, the company plans to rename itself as “Tron” and begin accumulating the Tron tokens to maximize shareholder value, as part of its shift into the new Tron-led “Treasury Strategy.”

“We are excited to invest into the future of the world’s next generation financial infrastructure,” said Chief Executive Officer of SRM Entertainment, Rich Miller.

Additionally, the company elected Tron founder Justin Sun as an advisor for the Florida firm. It also declared that it has received a $100 million equity investment from a “private investor.”

As previously reported by crypto.news, the merger was arranged by boutique investment bank Dominari Securities. The firm is well-known for having ties with the Trump family, specifically Donald Trump Jr. and Eric Trump.

However shortly after the deal was widely reported, Eric Trump posted a statement on X denying any involvement with the firm.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin, Ethereum and Ripple rally as Trump’s tariff uncertainty clears and $130K is in sight

July 11, 2025

Nasdaq-Listed Firm Secures $200M in Financing, with Over $150M Tied to Solana Treasury Strategy

July 11, 2025

$0.42 resistance could trigger pullback

July 11, 2025

TaskOn Partners DEXTools to Bolster Web3 Community Participation

July 11, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

FTX Unstakes $30.9 Million in SOL, Can Solana Stay Strong?

July 11, 2025

Endless Protocol Teams Up with REI Network to Accelerate Web3 Development

July 11, 2025

Hugging Face’s new robot is the Seinfeld of AI devices

July 11, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Bitcoin Breaks ATH, Hayes Flips Bullish: ‘Maelstrom Is Backing Up the Truck’

July 11, 2025

SUI Explodes Higher, Climbing Above 20-Day MA — But Can The Rally Hold?

July 11, 2025

SUI Price Eyes $3.60 Breakout After 20% Weekly Surge

July 11, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.