Justin Sun Will Now Publicly Trade Meme Coins Like PEPE, Best Time To Copy Trade Him?
2023年5月12日 - 8:00AM
NEWSBTC
Justin Sun, the vocal crypto supporter and co-founder of Tron and
chief executive officer (CEO) of BitTorrent, says he will begin
actively trading meme coins like PEPE. Justin Sun Eying Meme
Coins In a tweet on May 11, Sun, known for being a crypto whale,
actively holding and transferring colossal sums of coins in the
past, said he would begin actively trading meme coins and promising
projects straight from his public cryptocurrency address.
However, as a disclaimer, all profits will be donated to
charity. I've decided to begin actively trading meme coins
and promising projects through my public address. Please note, I
will personally bear all potential losses from these trades, and
any profits made will be donated entirely to charity. — H.E. Justin
Sun 孙宇晨 (@justinsuntron) May 11, 2023 He also added that though he
might decide to buy certain coins and get exposure to a promising
meme coin project, the said coin or project, regardless of its
potential, may not be listed on Huobi or Poloniex. These are some
of the early and most liquid cryptocurrency exchanges listing
hundreds of tokens that Sun occupies an influential executive seat.
Related Reading: Why Justin Sun’s Stablecoin USDD Is Struggling To
Maintain Its Dollar Peg It is still unclear which project Sun has
an eye on. At the same time, it could not be determined which of
his crypto addresses the co-founder will use when trading meme
coins. Although Sun might be the co-founder of Tron, he has
not shied from engaging in other projects deployed on public
networks like Ethereum and others. Tron Co-founder Warned By
Binance Following a warning from Changpeng Zhao, the CEO of
Binance, the world’s largest exchange by client count and trading
volumes, Sun reversed a $56 million transfer he had made in early
May. There were concerns that Sun was planning a token grab of SUI,
the native currency of the Sui Network. Our team told Justin,
if he uses any of these to grab the LaunchPool Sui token, we will
"take action against it". SMH. Binance LaunchPool are meant as air
drops for our retail users, not just for a few whales. On the
bright side, blockchains are transparent… https://t.co/8Xs1oXjfVd —
CZ 🔶 Binance (@cz_binance) May 1, 2023 WhaleAlert flagged Sun’s
bulk $56 million transfer in TUSD. Before Zhao said, Binance would
take action if he block-bought SUI from the Binance Launchpool. The
exchange clarified that it wanted a fair airdrop to include active
retailers and not “just a few crypto whales.” Through the
Launchpool, users can stake their crypto assets like SUI, providing
liquidity, before receiving staking rewards. Sun
later apologized for the huge transfer, saying it was in
error. The real intention, he clarified, was in the market-making
of TUSD, a stablecoin. The Tron founder said: Regrettably, some of
our team members were not fully aware of the intended purpose for
these funds and inadvertently used a portion of them to participate
in exchange campaigns. Upon realizing this error, we immediately
contacted the exchange team and arranged for a full refund of the
funds. Related Reading: TRX Surges Over 600% Following Justin Sun’s
Deal With FTX It is not immediately clear how Sun will proceed in
trading and how the community will react to his purchases once he
starts picking out worthy meme coin projects. Even so, what’s clear
is that his addresses, like those of other influential crypto
founders like Ethereum’s co-founder Vitalik Buterin, will be
actively tracked and copied. Feature Image From Canva, Chart From
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