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ETH $1,752.09 -5.71%
BTC $62,589.39 -6.07%
BREAKING
Altcoins News

TRON (TRX) Justin Sun Annoys Followers with his $10 Million CryptoPunk Purchase

Tron

Community Trust ScoreVerified

89%
Real
Verified9 votes
Updated 5 years ago

TRON Foundation expressed that they are reaching a strategic partnership with Talken, NFT infrastructure.

Further stated,We will strive to build an NFT world with a wide range of content without borders, jointly provide digital creators and collectors with better tools and services.”

Community Cries:  We ran TRX because we accepted Justin, but he bought a virtual rock with our capital; now they are all worth it except TRX; I wish I gave all my money to SOL; I did not trust you. Why is this TRX not pumping?

Why doesn’t the Tron ecosystem compete with other ecosystems? The Tron system has not yet reached the moon.

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And the latest news doing the rounds is about how Justin Sun spent $10 Million on his first CryptoPunk. The CryptoPunk TPUNK 3442 is his second NFT purchase.

Justin Sun expressed, “Just spent $10 million on my first punk digital avatar. #NewProfilePic #TPUNK 3442 pic.twitter.com/Oeijxcs7mK”

And, would you spend $600000 on a picture of a rock? Justin Sun did!  This EtherRock cannot be petted or touched; this digital asset is trending across the world.

Justin Sun spent half a million dollars on a rock – 187 Ethereum ($ 611710).

Sun is an avid fan of the NFT Fund. He started the JUST NFT Fund to coordinate artists into the blockchain. For clarity, NFT or the Non Fungible Tokens are digital assets that can be transferred to buy virtual items.

Over the past few weeks, there has been a rising interest in buying these rocks. While the news of the rock is exciting to many, some are concerned that there is a little too much money getting spent to invest in pictures online.

While Netizens are debating on the essence of buying the rock, the website of EtherRock suggests that the rocks serve “NO PURPOSE” beyond being able to be bought and sold and giving you the only sense of pride that you are one of the owners of the only 100 EtherRocks available.

Noteworthy, Justin Sun’s Weibo Account, a Twitter-like platform, is among seven that seem to be blocked.  What started as a crackdown on crypto mining in May has extended into trading and media in China? Regulators and state media have condemned what they called speculation in crypto markets.

Worth recollecting, Sun’s account was banned from Weibo back in 2019, along with Binance co-founder Yi He.

Reportedly, Sun has fostered his relationship with authorities by joining a research project at the Communist Party’s top university.

 

 

 

Community Trust IndexModerate Confidence
89%
Real
Real89%11%Fake
9 community signals

Dan Saada

Dan Saada holds a Master of Finance from ISEG Business School (France). With years of experience covering digital assets, Dan specializes in cryptocurrency market analysis, blockchain technology, and decentralized finance.

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