- Justin Sun, founder of Tron (TRX), announced that it will purchase $ 1M worth of GME and support wallstreetbets from Asia. Sun announced this via their official twitter account shared by wallstreetbets moderators.
While saying whether Justin’s bet on Wallstreetbets will bring TRON (TRX) in Limelight …
Obviously, wallstreetbets’ war on Wall Street is supporting other cryptocurrencies like Bitcoin and Dogecoin. Bitcoin price is also rising and Altcoin prices are also rising with it. By the way, things are a little bad for TRON. As was once among the top 10 cryptocurrencies, it has now dropped to 21st place on coinmarketcap.
Justin tried to revive TRON through several initiatives, including the famous Warrent lunch that helped raise TRON prices but didn’t last too long.
Another big reason for TRON’s rapid growth is the rise of DeFi and with it Ethereum. The introduction of Eth 2.0 also led to a decrease in TRON’s main premise, the scalability advantage over ethereum.
Wallstreetbets also made Justin’s word heard via twitter handles and reddit group. This is definitely a good move by Justin and we can see a short term increase in TRON prices.
Although the twit was posted yesterday, as our news was getting ready for publication, there was a significant jump in Tron, and the altcoin rose 35 percent within half an hour and continued to rise.