Tron’s Founder and Huobi‘s senior advisor, Justin Sun, has stated that he will start trading meme coins with his public blockchain address. He added that any losses will be his but profits will be donated to charity.
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.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 11, 2023
My Trades are Not Financial Advice
However, Mr Sun clarified that his investments and trades should not be considered financial advice. He wrote:
However, it’s crucial to remember that my investments do not constitute financial advice, and there is no guarantee of listing these projects on any exchange, including @HuobiGlobal and @Poloniex. I am simply trading coins for fun. Always do your own research before investing!
Huobi, Tron and BitTorrent Partner to Boost Meme Coin Development
Justin Sun’s declaration to trade meme coins using his public addresses comes less than a week after Huobi, Tron, and BitTorrent partnered to launch the Memeverse Carnival.
The latter aims to boost the development of meme coins on the Tron and BitTorrent ecosystems. Qualified meme coin projects stand to benefit from the following.
- Full gas fees refund if the on-chain trading volume of the meme tokens reaches $1 million
- Access to the Tron DAO Memeverse fund worth 20 million TRX
- Listing on Huobi and Poloniex
- Innovation and marketing support