Key aspects in the recent events surrounding
SUN Coin include a potential legal battle involving the coin's creator, Justin Sun, and several market influences revolving around the Trump crypto project. Sun's consistent promotion of Tron and Meme Coin appears to be driving the market momentum. Notably, Sun is one of the top holders of TRUMP tokens, which might explain his substantial investment towards Trump's crypto venture. Trading signals of Tron Meme Coin have noticed a surge, partly influenced by Sun's activities in the market.
Cryptoprofits from Trump's growing crypto and media empire are raising potential business conflict concerns. On the downside, Sun faces a defamation claim from First Digital Trust, and a countersuit over a $78M sculpture dispute. Moreover, the Chain is threatening to sue Sun over market manipulation claims involving Onyxcoin (XCN). Amidst these tribulations, Sun dives into the meme coin market with SunPump, potentially reviving a frenzy on Tron. Sun has also outlined plans to expand Tron towards Solana.
Challenges for Tron include a $300M token listing allegation by Coinbase and a volatile reputation following Sun's constant involvement in controversial market activities.
Progress on the brighter side comes with Sun's increased investment in the Trump crypto project, TRX's expansion to Solana and Tron's posting of a record $577M revenue in Q3.
SUN Coin News Analytics from Wed, 15 May 2024 07:00:00 GMT to Sun, 27 Apr 2025 12:12:33 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -1
