Tron (TRX) holders seem to outrage as their trust from the digital asset starts to vanish. This is a sign of worry for Tron as it could have severe effects on the market value of the altcoin in long-term movement.
One of a Tron’s holder Alex Beadi in a tweet mentioned that it’s time to say goodbye to TRX. After holding the TRX tokens for almost two years, the holder seems to have enough of Tron.
The TRX holder exploded and juxtaposed Justin Sun as a clown. The holder was holding 3 million TRX coins and 10 million BTT coins. Moreover, Alex declared that he is going to switch to XRP and had all praise for Ripple’s native token, as he said that they have a formal CEO and a working product.
In response to Alex’s tweet, a user replied:
“I did the same.”
Another user responded:
“So from a scam to a stable coin, seems like a good idea tbh.”
One of them replied that Justin Sun doesn’t talk business, his point of view regarding crypto is pretty immature and the CEO of Ripple, Mr. Garlinghouse is the one, who really means what he says. The user said:
“I did the same 5 months ago and now I feel really more comfortable. When Justin Sun talked about his mascot, the teddy bear and play like a kid of 10 years, you can see Mister Garlinghouse who talk real business and bank around the world…it’s really not the same world….”
In recent times, as per the critics, Justin Sun has been criticized due to his irresponsible behavior. Also, there have been rumors lately that Sun is undergoing a severe investigation in China. According to the Chinese site Caixin, Tron CEO has been restricted within China’s border and is not allowed to move aboard unless the investigation calls off. This was the reason Sun didn’t participate in a dinner with Warren Buffet.
Sun has been accused of money laundering, gambling, illegal fundraising, and pornography distribution though these allegations have still to be proofed as the investigation goes through. But that all is still a rumor and many have only given their biased opinion against Tron thus far. They even didn’t bother to do their research online correctly.
However, Tron (TRX) holders turning away is an alarming sign for the digital asset, and things need to be recovered soon, else it can get worse.
Ripple (XRP) once again has shown its dominance as TRX holders see XRP as the best possible alternative in the market. As XRP shines, Tron needs to make serious adjustments to gain investors’ trust.
Scrutinizing the market performance of Tron, it has dropped from 12th to 13th spot. However, at the time of press, TRX trades in green as the Justin Sun-led cryptocurrency is up by 4.04% in the last 24 hours. On the other side, all other significant cryptocurrencies including Bitcoin and Ripple’s XRP stand in red by slight numbers.
So that means, as things stand, Tron is not dead, or a bad bet but some people only have started to like Ripple (XRP) more, lately.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.