Justin Sun Will Trading Meme Coins, The Results Will Be Donated To The Charity

Crypto figure and TRON founder Justin Sun. (Photo; Doc. Pumpmoonshot)

JAKARTA TRON founder (TRX) and one of the affected people in the crypto space, Justin Sun announced on May 11 that he would start trading meme coins. He will use public addresses to trade meme coins.

Sun said that he would donate the profits of trading meme coins for charity. Not only that, he also stated that he would bear the possible losses from his actions.

However, the TRX boss warned that his trading should not be considered a crypto investment suggestion. He acknowledged there was no guarantee that his project would be listed on an exchange affiliated with Huobi Global or Poloniex.

I'm just trading coins for fun. Always do your own research before investing," Sun said.

On the other hand, the crypto community is responding to the actions of the TRON founders may be aimed at encouraging average traders to buy tokens for fear of being left behind or FOMO (Fear of Missing Out).

Following the announcement, Sun's public addresses received several funcoins such as FOUR, DMT, PEEPO, BIBI, PAPA, and ZUM in the past hour, according to the Arkham Intelligence page.

On May 7, the blockchain network linked to Justin Sun, namely Tron (TRX) and BitTorrent (BTT), encouraged memecoin developers to use their ecosystems to develop their tokens.

According to Sun's statement, the two networks will provide incentives in the form of funds of up to US$1 million (Rp14.7 billion) to pay transaction trading costs. The network will also offer marketing and innovation support to developers.

In addition, projects developed in this network will be prioritized to be listed on Huobi and Poloniex. TRON DAO will also set up a Memeverse fund that will reward the most popular meme token project in the Tron ecosystem.