Cryptocurrency markets are at the moment experiencing a major decline, dropping nearly 17% in worth. On this context, Justin SUN, the founding father of Tron, has denied rumors that he would possibly liquidate his positions. Current adjustments within the cryptocurrency market have alarmed many traders. Bitcoin has fallen by 13% in simply 24 hours, whereas Ethereum has even fallen by 20%. Such value drops not solely imply private losses for a lot of traders, but in addition require a re-evaluation of market methods in a risk-free setting.
Justin Solar responded to the rumors with a publish on X, calling the claims of liquidating his positions false. He emphasised that the Tron group not often works with leveraged methods, as such trades don’t assist the present development of the business. As a substitute, they give attention to actions that assist the business and entrepreneurs, corresponding to staking, working nodes, engaged on initiatives, and offering liquidity.
Justin Solar assured the group that current market volatility was not attributable to unfavourable information and urged everybody to place apart worry, uncertainty, and doubt (FUD). To additional assist the business, Solar introduced a $1 billion fund geared toward combating FUD, rising funding, and offering liquidity.
Picture: Bitcoinist