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Justin Sun, founder of TRON, has denied rumors of his positions being liquidated amid a significant downturn in the cryptocurrency market. Sun clarified that his team rarely engages in leveraged trading strategies, emphasizing their focus on activities that provide greater support to the industry. Despite the market slide, which saw the crypto market drop by almost 17%, Sun announced a $1 billion fund to combat FUD (fear, uncertainty, and doubt). Additionally, Sun has made substantial investments in Ethereum, accumulating 392,474 ETH since February at an estimated cost of $1.19 billion. Recently, he spent $36 million to purchase 14,884 ETH, further increasing his holdings. Sun appears unfazed by his nearly $300 million losses and has also made significant deposits to HTX.
JUSTIN SUN’S BIG ETHEREUM BET AMID MARKET DIP Amid the crypto market crash, Justin Sun, Tron’s founder, splurged $36 million on 14,884 ETH, boosting his total to 392,474 ETH worth about $1 billion. Despite rumors of $200 million in liquidations, Sun dismissed leverage claims.… https://t.co/ymGqW6i5IW
JUSTIN SUN’S EPIC ETHEREUM SCOOP DURING THE DIP Justin Sun just threw $36 million at 14,884 ETH, boosting his total to 392,474 ETH worth $1 billion. Despite ETH’s dive below $2,000 and $200 million liquidation buzz, Sun's not sweating the leverage rumors. With ETH bouncing… https://t.co/QHsagsj98K
Justin Sun (@justinsuntron) withdrew 14,884 $ETH ($35.97M) from #Binance 10 hours ago! This brought the total amount of $ETH he accumulated since Feb to 392,474 $ETH (est. cost: $1.19B, now worth: $995M). Note that Justin Sun also deposited a net amount of 49M $USDT to #HTX in… https://t.co/43dHfK4U74