TRON (TRX): Justin Sun announces ‘important decision’ and ‘new start’

  • Justin Sun has announced a “very important and bold decision” for the TRON ecosystem, which he will reveal in the coming days.
  • Given the current DeFi hype, there seems to be a high probability that the announcement is about TRON’s DeFi ecosystem.

Justin Sun, the CEO and founder of Tron (TRX), announced something big for the TRON ecosystem yesterday. In typical Sun style, however, he just made an “announcement of announcement” and caused the TRON community to speculate about what the news might be.

In the tweet, Sun stated that he will make the announcement public in the coming days. In addition, he merely indicated that not only Tron (TRX), but also BitTorrent (BTT), Just (JST) and WIN will benefit from the “decision”:

I’ve made a very important & bold decision which I’ll announce in the following days. It’ll hugely benefit $TRX/ $BTT/ $JST/ $WIN & the whole #TRON community. A new start! A new experiment! A new adventure! The best is yet to come!

It is noteworthy that Justin Sun has made “announcements about announcements” many times in the past. Among other things, Sun presented the acquisition of BitTorrent and DLive, the investment in Bitfinex, the launch of JustSwap, an own Twitter emoji for TRON or even the insanely hyped lunch with Warren Buffett.

However, the references to the new announcement are sparse, so there is currently no dominant assumption circulating in the TRON community. However, given the current hype around DeFi, there seems to be a high probability that the announcement is about TRON’s DeFi ecosystem. This would also fit with Sun’s statement that the new adventure will include TRX, BTT, JST and WIN. The only plausible way these four cryptocurrencies can benefit from each other seems to be a DeFi platform.

Within the crypto and Twitter community, however, the announcement met with harsh criticism. Some users accused Sun of trying to manipulate the price of TRON (TRX) with the tweet. In 2017 the “announcement of the announcement” was a common practice in the crypto community to pump the price of a cryptocurrency. One user cited the example of TRON’s partnership with the Singaporean bike-sharing company oBike, which Sun announced big, but which never became anything.

Those annoucments wont work in 2020 anymore mate.. it aint 2017 anymore. When $OCN e bikes partnership

Meanwhile, the TRON (TRX) price showed no major reaction to the announcement at the time of writing and traded at $0.0262 USD, with a slight increase of 1.0% within the last 24 hours. Over the past seven and 30 days, however, the price has risen significantly by 8% and 34% respectively.

About Author

Jake Simmons

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

Comments are closed.

ProfitFarmers ribbon

Follow us to the moon!