Justin Sun, founder of Tron and HTX services, has reportedly offered to purchase Germany's remaining Bitcoin of $2.3 billion to minimize market disruption and stabilize the industry. Despite widespread skepticism, this move is seen as Sun's attempt to take control and stabilize the market, potentially curtailing the ongoing Bitcoin drop. Sun's possession of $1.6 billion in crypto showcases his significant presence in the cryptocurrency world. Sun has also expressed his enthusiasm for meme coins like Dogecoin and Shiba Inu, despite their volatility. He advocates for U.S. support for crypto-friendly presidential candidates, hinting at his broader vision for the crypto industry.
Tron recently revealed plans for a Bitcoin layer 2 solution, which could potentially introduce 'wrapped' USDT flow into Bitcoin. Sun's HTX crypto exchange managed to surpass Coinbase in trading volumes, despite recent DDoS attacks. After $100M suspicious transfers, he confirmed the security of HTX and Heco Chain. Sun has also suggested integrating AI with meme coins for TRX and HTX, indicating innovation potential.
Sun's recent moves have been considerable, such as a $891 million Ethereum purchasing spree seen as market recovery signs and acquiring 2 million tokens from the EigenLayer airdrop. Despite these endeavors, Tron connected platforms saw high-profile hacks, casting doubts over security.
In light of the recent setbacks, Sun has been active, accumulating Shiba Inu coins in billions and massively depositing Ethereum worth $480 million, thereby fueling the market.
SUN Coin News Analytics from Tue, 01 Aug 2023 07:00:00 GMT to Fri, 05 Jul 2024 15:00:00 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor 6
