Justin Sun’s Announcement Has Traders Worried About Huge Price Drop

Despite having more followers than any cryptocurrency CEO, Twitter’s reaction to Sun’s pre-acquisition announcement was skeptical at best. To find out why Justin Sun’s engagement rate doesn’t match up with his follower count, read:

The TRON community’s uncertainty probably stems from Sunday’s announcement that 33 billion TRX would be unlocked on New Year’s day. Coins which are pre-mined, such as TRON, XRP and many more, are essentially left to the whims of their founders.

Often the founders set up a release schedule, along with many other caveats and provisions which decrease the likelihood their unlocked coins will be unceremoniously dumped on the market.

Reference: https://www.ccn.com/tron-justin-sun-announcement-33-billion-trx-in-play/

Share this: