TRON

<ul class="wp-block-list news-points"> 
 <li><strong>TRON founder Justin Sun denies rumors of platform liquidation.</strong></li> 
 <li><strong>Sun’s $110 million USDT transfer is likely for buying Ethereum (ETH).</strong></li> 
 <li><strong>TRON prioritizes staking and liquidity provision over leveraged trading.</strong></li> 
</ul> 
<p>Reports spotted Justin Sun <a href="https://www.binance.com/en/square/post/11683919771889" target="_blank" rel="nofollow">moving about 110 million USDT</a> to the cryptocurrency exchange HTX, potentially to purchase Ether (ETH) at its current bearish price. As of press time, <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="nofollow">ETH was valued at</a> $2,348, marking a decline of around 19% over the last 24 hours.</p> 
<p>Founder of the TRON blockchain ecosystem, Justin Sun, also dispelled rumors of the platform’s position liquidation on X (formerly Twitter). In an August 5th post, Sun asserted that TRON rarely engages in leveraged trading strategies.</p> 
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   <p lang="en" dir="ltr">The rumors about our positions being liquidated are false. We rarely engage in leveraged trading strategies because we believe such trades do not significantly benefit the industry. Instead, we prefer to engage in activities that provide greater support to the industry and…</p>— H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1820329108494320116?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 5, 2024</a>
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<p>The TRON founder’s dismissal of the claims aligns with the platform’s trading strategies, which typically shun leveraged trading. TRON…</p>
<p>The post <a href="https://coinedition.com/trons-justin-sun-110m-usdt-move-explained/">TRON’s Justin Sun: $110M USDT Move Explained</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

TRON’s Justin Sun: $110M USDT Move Explained

Coin Edition

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