Justin Sun, Tron (TRX) founder, has been one of the most talked-about figures in recent cryptocurrency updates. He received 5.25 million EIGEN cryptography, leading to questions regarding EigenLayer's links to the cabal coin and its effect on EIGEN's price. Other reports show that
SUN coin value surged 176% following a post by Sun. DeFi Lender, Sky, planned to offboard wrapped Bitcoin due to concerns with Sun. Following the implementation of a 100% onchain buyback for SunPump by Sun, the billionaire's $SUN Token gained 11% value, linking it to potential growth as the next $1 meme coin. Sun also entered the meme coin market with Sundog that boasted a $200 million evaluation, sparking excitement around the potential return of meme coin frenzy on Tron. SUN coin's monthly rally, however, encounters possible challenges as open interest falls, despite boasting a 240% rise. Sun has been provocative towards SUN token bears, following this rally, in a move reminiscent of SBF.
Rumors sparked a rise in Rock meme coin after speculation around Sun's involvement. Sky also proposed plans to drop wrapped Bitcoin due to alleged ties to Justin Sun. Sun disagrees to Coinbase's reaction to cbBTC launch, urging them to implement PoR. Sun, predicting the rise of Tron to top 3 coins by 2027, hinted at an exciting week ahead for Tron meme coins. Amidst this, Sun recently integrated a staking feature that could propel Sundog price to 0.6 USD.
Furthermore, Sun aims to shake the cryptocurrency market by developing a gasless transaction stablecoin solution for Tron and EVM Chains. Amid swirling liquidation rumors in the face of market turmoil, Sun deposited $480M worth of ETH to restaking protocol Ether.Fi.
Altogether, the active involvement of Justin Sun in the crypto market, especially in the meme coin sector, has created a vivid atmosphere for investors and industry observers. His influence, alongside innovations presented, like SunPump, dictates the market trends.
SUN Coin News Analytics from Mon, 29 Jan 2024 08:00:00 GMT to Wed, 02 Oct 2024 19:23:01 GMT -
Rating 2
- Innovation 7
- Information 5
- Rumor -3
