Tron MicroStrategy Dethrones Alibaba and Tencent Amid IPO Listing Hype

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.

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, volume boost in the entertainment industry has reshaped the Tron market outlook. CoinGecko reports that Tron holds a market cap of $24.09 billion.

However, the data also shows a slight 2.2% dip, pointing to pressure in the market during the day.

IPO Plans Push Investor Confidence in Tron MicroStrategy

Investor interest in Tron is driven by its $210 million reverse merger deal with SRM Entertainment.

The move, which allows Tron to go public on Nasdaq, coincides with the 10% TRX rise.

Alongside strong market reactions, Tron reported $55.7 million in 30-day revenue, giving investors a sense of financial momentum.

The timing seems to be working in Tron’s favor. In February, the SEC paused its fraud case against Justin Sun.

Many believe this cleared the air and made way for this new listing opportunity.

In contrast, Chinese regulators had fined Alibaba and Tencent nearly $1 billion in 2023.

The shift in sentiment may be prompting some investors to pivot toward alternatives like firms with exposure to Tron.

There are reports linking Eric Trump to the public listing project, though he denied involvement.

Still, the mere association has drawn public curiosity.

Can Tron MicroStrategy Follow Circle’s IPO Path?

While Tron MicroStrategy’s listing path differs in size and scale, comparisons to Circle are natural.

Circle went public on June 5 with a $12 billion NYSE valuation. Tron’s $210 million deal is smaller.

However, its $24.09 billion market cap and the ties to crypto and stablecoins like USDT volume suggest potential.

Justin Sun’s suggestion of a reserve model like MicroStrategy’s could make the project more attractive to long-term holders.

However, pausing in the SEC’s case does not equal a clean slate. Tron must maintain high volume and substantial revenue to win over skeptical analysts.

Based on current market sentiment, Tron’s ability to stay steady may decide its future.