The opening of the Panama Canal ~ 100 years ago created a migration pathway between the Caribbean Sea and the Pacific Ocean for euryhaline marine organisms that can cope with passage through 65 km of freshwater. The Atlantic Tarpon, Megalops atlanticus, a prized recreational-fishery species in its native geographic range, where it is considered “Vulnerable” by the IUCN Red List, is one species that has swum through the canal to the Tropical Eastern Pacific (TEP). Since Tarpon were first seen in the Pacific locks of the Panama Canal in the late 1930′s, ~ 25 y after the opening of the canal, and large adults were subsequently observed in Panama Bay over many years, it has remained unclear whether this species has become established and is reproducing in the TEP. Here we review evidence showing that the Tarpon’s TEP geographic range now extends along ~ 2600 km of the coastline (Guatemala to the Colombia/Ecuador border), and that adults are moderately common in the southern parts of that area. General ichthyoplankton surveys in the TEP over the last 50 year have not detected any Tarpon larvae. Small juveniles have been found throughout the main part of its TEP range, up to 700 km from the Panama Canal. As such fish typically are sedentary and have never been seen inside the Panama Canal, they most likely were spawned in the TEP. At present, nothing is known about the basic ecology of Tarpon in the TEP and possible effects it might have on native ecosystems there.