“TRX Will Always Be Your Safe Haven,” Says Justin Sun As BTC Plummets To $93K

Justin Sun, the founder of the TRON blockchain, has once again taken to X (Twitter) to reaffirm his confidence in TRX, even as the broader cryptocurrency market faces turbulence.

In a tweet that caught the attention of the crypto community, Sun declared, “TRX will always be your haven in the storm.” In a subsequent tweet, he revealed that he had purchased more TRX, adding, “Feeling good!”

TRX Faces Price Dip Amid Market Volatility

Despite Sun’s optimistic remarks, TRX, the native token of the TRON blockchain, has not been immune to the recent market downturn. The token is down by nearly 11% over the past 24 hours, currently trading at $0.2353. 

However, the trading volume has surged by almost 40% in the same period, suggesting heightened activity as traders react to the price decline. The global market cap for TRX currently stands at $20.31 billion.

Also Read: Comedian ($BAN) Price Down 30% After Justin Sun Buys Maurizio Cattelan’s work For $6.2M

Sun’s statement comes as Bitcoin, the market leader, has also seen significant losses. Bitcoin price stands at $93,907.24, down over 9% in the last 24 hours. The decline in Bitcoin’s price often sets the tone for the rest of the cryptocurrency market, and TRX appears to be no exception.

Justin Sun Recognized as a Leading Figure in Crypto

Adding a positive note amidst the market challenges, Justin Sun has recently been named one of CoinDesk’s Most Influential in Crypto for 2024. In a celebratory post on X, Sun expressed his gratitude, stating that the honour belongs to the entire TRON community and its global partners.

The recognition highlights Sun’s significant contributions to the blockchain space, though he remains a polarizing figure due to his headline-grabbing statements and controversial moves. This latest accolade reinforces his position as a key player in the crypto ecosystem.

A Message of Confidence in TRX

Sun’s decision to buy the dip and publicly endorse TRX as a “safe haven” showcases his unwavering belief in the project’s resilience. TRON has positioned itself as a prominent blockchain platform, emphasizing fast transaction speeds and scalability.

While the market correction has tested investor sentiment, Sun’s public display of confidence may encourage TRON supporters to weather the storm. As the crypto market remains volatile, all eyes will be on TRX to see if it lives up to Sun’s promise of being a reliable refuge.

Also Read: Tron Founder Justin Sun Seeks to Cash Out $209M ETH Holdings While Ethereum Crosses $4K Mark