Justin Sun spurred hot debate after posting following his Twitter post that claimed Tron(TRX) could take off towards $409,000. Without specifying a particular time frame, the Tron founder tweeted the price target in a three word plus emoji post.
However, Sun is a popular name in the crypto community for pulling out such public stunts and other dramatics in his marketing efforts for Tron.
While the claims are not to be taken lightly given the strong composure of the ecosystem against Ethereum and other smart contracting platforms; Twitter’s blockchain community came out strongly to dismiss his prediction.
One Twitter user, for instance, claimed that TRX is a pre-mined coin. Therefore, possesses no value but a price on the basis of pure speculation. As a result, he added, the speculative price would only drop to a value of zero once industry knowledge catches up.
Was Justin Sun Trolling President Trump?
However many would have dismissed the Tron Founder as jokingly predicting the price of Tron. Especially given that he could have been taking a jab against US President Donald Trump.
A recent tweet by Trump had a typo that supposedly was meant to celebrate the surging performance of the US stock market. A report by USA Today stated that the president once again became the laughing stock of social media communities following his lackadaisical twitter posts. Most users terming his efforts as a desperate attempt to impress following the recent impeachment.
Nevertheless, Trump meant to applaud the US stock market for a staggering performance at the beginning of the year. The stock market hit a record high after an apparent trade deal with the People’s Republic of China. While Trump was out to share such good economic vows, it seemed apparent that the US and Iran could avoid the much anticipated military conflict.
409K Instead of 401(K) Tax Pension Account
Unfortunately, the president missed a significant detail in his post. So that instead of typing the tax-qualified pension account typically referred to as the 401(K), he referred to it as the 409k.
Typical internet commentary couldn’t forgive such an abomination and went out to troll the president. Nonetheless, Donald Trump has since pulled down the tweet and reposted with correct details. Yet this hasn’t stopped Justin Sun from mocking the president’s tweet, with such an unbelievable price target for the crypto asset. However, the twitter community did not get the joke in Sun’s tweet even after noticing that the tweet lacked the dollar sign on the 409k price target.
The community stashed the prediction as typical Sun promotional material and ridiculed the notion of TRX ever attaining the value of half a million dollars. Some went to the extent of deeming the claims as more appropriate for the Zimbabwean dollar than Tron (TRX); Hyperinflation in recent years in Zimbabwe has rendered its currency useless. Others humoured that the digital asset could be worth 409,000 satoshis in the coming future.
Justin Ought to Refrain from Promotional Dubs
It is not the first time that the crypto industry has advised Justin Sun to refrain from posting Tron promotional posts dubbed as price analysis and predictions. For instance, the founder’s violation of the terms and conditions of Weibo had Binance CEO, Changpeng Zhao’s and Justin Sun’s accounted deleted from the platform in December last year.
Most of the respondents to Sun’s post did not see the joke and were fast to describe Sun as childish for posting such a baseless prediction. One event went to the degree of requesting the 30-year-old to confirm his age. One commentator, for instance, told Sun: “Please delete”
Despite the trash back, there are those that believed in Justin Sun’s prediction. One positive respondent wrote that:
“We believe in you and in your great [sic.] project chief… because Trx will be one of the best cryptocurrency in the world.”