SRM Entertainment, a barely-noticed Nevada company, is rebranding as Tron Inc. following a $100 million private equity injection, and the TRX price might get affected.
The reason is that the money came with a twist that Weike Sun, the father of Tron founder Justin Sun, is now the CEO calling the shots.
The filing didn’t make waves—yet—but it cements a deeper overlap between the Sun dynasty and the Tron DAO universe, raising eyebrows about how far this familial consolidation will stretch.
Weike Sun Takes Board Control Through TRX-Funded Deal, TRX Price Reverberations
The transaction, paid entirely in TRX tokens, involves Weike Sun’s investment vehicle acquiring 100,000 Series B preferred shares convertible into 200 million common shares, along with 220 million warrants at a $0.50 strike price.
This deal cements his control over SRM’s governance structure, with Weike Sun appointed board chairman.
Justin Sun’s father acquires control of Tron Inc. through $100 million TRX token PIPE transaction
According to SEC documents, Sun Yuchen's father Sun Weike acquired control of the listed company SRM Entertainment through a $100 million TRX token PIPE transaction. The company w…
— Bpay News (@bpaynews) June 18, 2025
Joining him are two Tron-aligned figures: Zhihong “Steve” Liu, strategic adviser to Tron DAO and CEO of Techteryx, a stablecoin issuer.
Both were placed on key committees, including audit, compensation, and nominating. Despite these appointments, Tron DAO itself has no official role in the deal, as clarified by Liu.
SRM’s Strategic Shift and Plans for TRX Reserves
Tron Inc., in its post-rebrand form, is borrowing a page from the MicroStrategy gospel by trying to accumulate TRX like digital gold. The target: $210 million.
It’s a power move aimed at institutional legitimacy and self-reinforcing ecosystem control.
The mechanics of the deal came courtesy of Dominari Securities, a brokerage tucked inside Trump Tower with a board featuring both Trump sons. Their cut was a cool $50,000.
That layer of Trump-world entanglement gives the whole transaction a distinctly political flavor. Justin Sun has been vocal about preferring Trump’s crypto stance over Biden’s, and this deal all but confirms where the allegiance lies. It’s less about decentralization, more about Trump having his greasy fingerprints all over crypto.
Why is Crypto Crashing Right Now? New Solana Layer 2 SOLX Breaks $44m Raised
The $SOLX presale has smashed through $54 million and is still picking up $250,000 a day, an unstoppable run fueled by Canadian crypto optimism and the stirring aftershocks of Trump-era policy frameworks. Whatever drama Elon and Trump drum up, or even WW3, it’s not slowing down this train.
$SOLX isn’t just riding hype. It’s laying the groundwork for a cross-chain ecosystem, rapid app development, and robust compatibility across the crypto universe.
🚀 SolX: Building the Future of Web3 🌍
At SolX, we’re redefining the decentralized economy, creating value for our community, and pioneering innovations in Web3 infrastructure. 🌈
With milestones achieved and exciting plans ahead, the journey is just beginning.💎
— SolX (@SolX_DAO) January 28, 2025
Solaxy’s cross-chain bridge with ETH is another draw for the presale. A new bridge links Ethereum’s deep liquidity with Solana’s breakneck speeds and lower costs.
Meanwhile, the staking app is setting its own pace, boasting a staggering 322% APY. Over 3.48 billion SOLX tokens are locked away, bleeding supply and forcing some level of price stability into an otherwise chaotic market. Long-term investors might not find much flash here—but the predictability is hard to ignore.
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