One of the most prominent faces of the crypto industry, Justin Sun was seen exiting his crypto project.
Sun, the founder of the Tron Foundation created a huge uproar in the crypto market. He managed to surge the popularity of the foundation as well as its native token TRX to a whole different level. Justin Sun’s marketing skills were lauded by many and his recent interest in NFTs was seen making headlines. However, Sun decided that he had to make a move to an entirely distinct industry.
The 31-year-old crypto whiz will be working for the Grenada government as the ambassador to the World Trade Organization [WTO]. Sun would reportedly be leaving Tron Foundation to the TRON token holders.
This undoubtedly came as a shock to many in the crypto community considering Sun’s increased efforts and interest in crypto. However, he affirmed that his departure from Tron didn’t mean that he was fleeing the crypto industry.
Justin Sun in a whole new avatar
While Justin Sun would focus on Grenada, his interest in crypto and blockchain technology will linger. His latest interview is proof that he would continue to work for the crypto industry.
“Our crypto industry has got into the stage, we really need sovereign states and regulators and international organizations to recognize the potential and the benefits of the blockchain technology.”
Therefore, he hopes to render the pertinence of blockchain tech as well as cryptocurrency in developing nations. Sun further intends to promote new technology development in Grenada.
Furthermore, he pointed out that Caribbean states had immense potential and could even become the next Singapore. The level of freedom acquired in this region conquers the strict regulations imposed by the United States, added.
Additionally, Sun opened up a new Twitter account @HEjustinsun aka “His Excellency Mr. Justin [Yuchen] Sun.”
Tron Foundation – Endgame?
The Tron Foundation will dissolve by July and Sun has already withdrawn three nodes that he oversees to sustain the Tron network.
While the value of TRX has been deterring over the past couple of months, Sun’s latest move could be harsh on the altcoin, several speculated. During the time of writing, TRX was trading for $0.08497 as its market cap was around $8.66 billion.