TRON’s Justin Sun too got on the wETH jokes that are currently circulating across social media. Tagging Vitalik Buterin, the crypto entrepreneur tweeted he and the Ethereum founder would pour $2 billion into the foundation to save it from insolvency.
As a humble member of the crypto industry, I personnally have discussed with my BFF@VitalikButerin and together we will invest $2 billion into WEF to recover all the funds. Stay SAFU! Stay strong!
The other day, Crypto Twitter was rife with jokes on wrapped Ethereum losing its peg and becoming insolvent. Several big names like those belonging to the Ethereum community started adding more fuel to the fire.
One Ethereum bull and host of the Daily Gwei, Anthony Sassano even claimed that wETH was about to experience a “total collapse.” Later, he admitted that the initial post was a “shitpost/ meme” after reading the replies.
An individual using the Twitter handle @0xCygaar first began the “inside joke” by maintaining that wETH is about to become insolvent. The tweet from November 26 received more than 1,000 likes before indicating that the warning was ironic.
However, that did not stop the joke from spreading like a wildfire. Vitalik Buterin too chimed by saying how WETH and WEF sounded so similar. When a Twitter user asked him if one should buy WEF coin, Buterin said “isn’t that just Ethereum.”
Soon the wETH insolvency rumors triggered a brief selloff, prompting the crypto community to emphasize that WETH will never become insolvent and that it will always be interchangeable 1:1 with ETH.
On the price front, Wrapped Ethereum remained largely intact amidst the doomsday predictions. The token is currently hovering at $1170, down by 4% over the past 24 hours.
Meanwhile, TRON founder Justin Sun’s backed Poloniex exchange and his other firm Huobi exchange are in talks for integration, TronWeekly reported.
TRON Boss Hints Upcoming Collaborations
It’s possible that the partnership is a component of a growth strategy that the TRON founder has meticulously planned. The other day, Sun turned heads with a tweet about a possible collaboration with the BNB chain.
“I fully support the BNBCHAIN ecosystem and BUSD. Actually, we will have a big partnership announcement soon.”
Previously, Sun notified the community of the arrival of a new BEP-20 TRX token on the BNB Blockchain which has reportedly got delayed owing to technical upgrades.