Justin Sun, the founder of Tron, has been quite active in the cryptocurrency news recently. He's been seen endorsing crypto-friendly presidential candidates, notably
Donald Trump, citing it would benefit the industry. He has also refuted the allegation of longing for Bitcoin at its peak price before it plunged and even offered to purchase Germany's remaining Bitcoin to stabilize the market. Notably, Elon Musk seems to align with Sun's political comments.
Meanwhile, Sun's
Tron is developing a gas-free stablecoin for Ethereum and Tron chains and has also revealed plans for a groundbreaking Bitcoin Layer 2 solution. His various activities and interventions paint him as a kind of superhero savior of the crypto world.
However,
Sun's platforms have been attacked four times in the last two months and suspicious transfers of up to $100M were confirmed on HTX and Heco Chain. Following these revelations, Sun ensured that assets on HTX and Poloniex were '100% safe'. Despite these troubles,
Sun Coin continues to function and has attracted significant attention from investors.
Sun's holdings, particularly his $1.6 billion worth of BTT and SHIB tokens, have been considered puzzling by some, leading to speculation and rumors regarding his position within the broader crypto market. Amid all of this, he continues to advocate for and discuss the key traits of successful memecoins such as Shiba Inu. Might
'Sun Coin' be the next to take off? Only time will tell.
SUN Coin News Analytics from Tue, 29 Sep 2020 07:00:00 GMT to Sun, 14 Jul 2024 15:14:24 GMT -
Rating -3
- Innovation 5
- Information 8
- Rumor -4
