Tron MicroStrategy Dethrones Alibaba and Tencent Amid IPO Listing Hype
The post Tron MicroStrategy Dethrones Alibaba and Tencent Amid IPO Listing Hype appeared on BitcoinEthereumNews.com.
Key Insights: SRM Entertainment has topped Alibaba and Tencent in daily trading volume amid Nasdaq listing news $210 million reverse merger deal boosts TRX by 10% and stirs investor interest. The merger deal and public listing plans will likely be profiled alongside Circle’s IPO success. SRM Entertainment, popularly known as Tron MicroStrategy, is making headlines as it outpaced Alibaba and Tencent in trading volume following its planned Nasdaq listing. The recent move, tied to a $210 million reverse merger, has pushed investor interest higher and given its associated coin, TRX, a 10% lift. May alone recorded $694.5 billion in USDT transfers and fresh speculation around Eric Trump and a MicroStrategy-style reserves. Market participants are paying close attention to see how the stock market showoff will pay out. Tron MicroStrategy Volume Surges Past Alibaba and Tencent It is worth noting that Tron MicroStrategy has recorded an unusual trading volume spike as spotlighted by Justin Sun. This new development places it ahead of Chinese tech giants Alibaba and Tencent. As of June 17, 2025, the Tron MicroStrategy’s $1.79 billion turnover outpaced Alibaba’s $1.19 billion and Tencent’s $700 million. Image Source: Justin Sun on X This unexpected growth followed a post that brought attention to SRM Entertainment’s Nasdaq push and its $0.29 TRX price jump. In a recent tweet, the network’s $694.5 billion in USDT transfers during May showed the scale of activity flowing through Tron. This makes it attractive to SRM Entertainment and other firms Much of this action traces back to Justin Sun’s launch of USDD in early 2025. This may have spurred increased movement of stablecoins across the network. Sun’s post on X also confirmed that the Tron MicroStrategy had passed the trading volume of both Tencent and Alibaba, tying this rise to a reserve model similar to Strategy’s. Meanwhile,…
Filed under: News - @ June 18, 2025 9:26 am