Justin Sun, the eccentric and much-maligned founder of Tron has seen his mishaps and social bumblings reach a new level of viciousness. His recent tweet noted that ‘right now’ is a good time to buy Bitcoin, which would have been news of a new Oracle being born had Bitcoin not shot up well over $1000 in little over a week.
Sun acts, others react
The tweet was sent right as Bitcoin hit its 2019 peak and basically told everyone that it was never too late to buy. He received a roasting from followers and critics alike. Most of the tweets were cynical and sarcastic, however, a few of them made a point of saying that what he was doing was unethical.
Sun attended the TNW2019 conference in Amsterdam and was interviewed by an emerging crypto media there, whos representative questioned his decision to discuss cryptocurrency prices knowing he has a large influence in the community at large. He shot back with claims that he saved Bitcoin after the Binance hack took place.
He said that the price dropped by $200 and did not return to normal until he announced that he would send $40 million in USDT to support the world’s number one crypto exchange. He went on to say that it was because of this that Bitcoin rallied and closed at $5900 despite being at $5700 before he made his announcement.
Tron CEO also proclaimed that he has a great influence in the community and on the price of Bitcoin and that his work is helping everyone become richer. He also went on to say that he would be buying BTC, BNB, TRX, and BTT with the USDT he planned on moving to Binance rounding off his showmanship flair with a little canny investing.
Another muddle in a long list of them
Sun has courted a lot of controversy in the last few months. As it seems, the main problem people in the community have with him started when the young CEO announced an airdrop of USDT and Tron that included a Tesla as a prize for following certain conditions. And how Tron Tesla giveaway eventually ended up wasn’t as good as Mr.Sun would have wanted the event to complete (but he managed well in the end, that’s what we think).
Moving on, not too long ago, Sun tweeted ( in an elaborate tweet) that a deal had been done with the Champions League finalist Liverpool. But when Liverpool spokespeople were asked about any potential partnership with Tron, they denied it with a straight face. It turned out that the invitation that was sent to Tron CEO was a part of a general push so that companies could get back to Liverpool and allow the soccer club to learn about them.
This had the community both laughing and crying as his actions, in critics’ eyes, have given Tron a negative shine with his somewhat dodgy marketing tactics. As per the critics, there is an undercurrent of regret in the community for investing in a cryptocurrency with such an eccentric leader and one that is offering none of the stability that matches Vitalik Buterin or Changpeng Zhao.
Subsequently, may neutral observer has been supportive of the visionary young CEO all the way.
It remains to be seen if his business acumen can outweigh his marketing foibles.
Disclaimer: 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.