NFA: Tron Founder Justin Sun to Actively Trade Meme Coins and Promising Projects

Tron founder Justin Sun has announced that he will begin actively trading meme coins and promising projects using his public address. He also stated that he will personally bear all potential losses from these trades and that any profits made will be donated entirely to charity.

However, he emphasized that his investments do not constitute financial advice, and that there is no guarantee of listing these projects on any exchange, including HuobiGlobal and Poloniex.

Sun emphasized that he is trading coins for fun, and encouraged everyone to always do their own research before investing.

This announcement comes after controversy arose on May 1, when the Tron DAO Venture deposited 155,100,000 TUSD to Binance. Sun clarified that the purpose of the deposit was to level the price difference of major TUSD and increase the liquidity of pending orders and trading volume, and not to participate in activities in related exchanges.

Sun’s decision to trade meme coins and promising projects for fun is likely to draw attention from cryptocurrency enthusiasts and investors, and potentially revive the meme season that appears to be fading off. However, it’s important to remember that investing in cryptocurrencies, especially meme coins, always carries significant risks and individuals should do their own research before investing.

What is TRON Network:

Tron is an open-source blockchain-based decentralized digital platform with its own cryptocurrency, called Tronix or TRX. Established in 2014 by Justin Sun and founded in 2017 by a Singapore non-profit organization, Tron Foundation aims to host a global entertainment system for the cost-effective sharing of digital content.

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