Tron founder Justin Sun decided to “actively trade” meme-cryptocurrencies through his public wallet.
I’ve decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity.
— HE Justin Sun 孙宇晨 (@justinsuntron) May 11, 2023
“Please note I will personally take any possible losses from these operations and any profits made will be donated to charity,” Sun tweeted.
He noted that his “investment” is not a financial recommendation. There is also no guarantee that the respective tokens will appear in the listings of the exchanges under his management – Huobi and Poloniex.
“I just trade coins for fun. Always do your own research before investing,” the Tron founder summed up.
Earlier, the head of the Binance bitcoin exchange, Changpeng Zhao, said that he “never understood meme tokens.” If a coin has many holders and generates interest, he says, his platform is more likely to list it.
Recall that in April, the PEPE token grew dozens of times in April, turning some coin holders into millionaires.
In May, an unknown person paid a $120,000 commission to buy $156,000 worth of the FOUR meme-cryptocurrency. The investor managed to realize a profit of $240,000, according to community estimates.
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