Tron founder Justin Sun has decided to actively trade meme cryptocurrencies through his public wallet.
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
\”Please note that I will personally bear any potential losses from these trades, and any profits will be donated to charity,\” Sun wrote on Twitter.
He noted that his ‘investments’ are not financial advice. There are also no guarantees that the corresponding tokens will appear on exchange listings under his management—Huobi and Poloniex.
\”I’m just trading coins for fun. Always do your own research before investing,\” summed up the founder of Tron.
Earlier, Binance CEO Changpeng Zhao stated that \”I never understood meme tokens.\” He added that if a coin has many holders and attracts interest, his platform is more likely to list it.
In April, the PEPE token rose severalfold, turning some token holders into millionaires.
In May, an unknown paid $120,000 in fees to buy the meme cryptocurrency FOUR for $156,000. According to the community, the investor managed to realise a profit of $240,000.