During his public presentation, Tron (TRX) founder Justin Sun announced its intention to start trading memecoins. Above all, he says he wants to take an interest in “promising projects”. His 3.4 million Twitter followers were thrilled to know they were going to trade with him. However, he clarified that the announcement its investments do not represent financial advice.
Justin Sun is going to trade cryptocurrencies and promising projects
The founder of Tron seems very serious about his new meme coins trading project when he declared : “ Please note that I will personally bear all potential losses from these transactions and that all profits made will be entirely donated to charity.
However, it is essential to remember that my investments do not constitute financial advice and that there is no guarantee that these projects will be listed on a stock exchange, including Huobi Global and Poloniex. I’m just trading coins for fun. Always do your own research before investing ! »
As noted DailyHodl, Sun’s announcement comes after meme coins have dominated the cryptosphere for the past few weeks. Pepe (PEPE), strongly challenged Dogecoin (DOGE) when it exploded over 5551%. Indeed, Pepe went from around $0.00000007078 at launch to $0.000004 on May 5th. But its price has now fallen by 75%.
Scams are flourishing around this ad
The Blockchain tracker Lookonchain has detected and warned of scams that consist of sending “shitcoins” to Justin Sun’s public address. So, these scammers could scam unsuspecting traders. The Blockchain security company Peckshield for its part notes that this scam process has already been initiated by the crooks. She declared on Twitter: “We noticed that a gang of scammers created a counterfeit $FOUR four days ago and used 0xac82…2a9 to impersonate Justin Sun.
The scammers impersonate Justin Sun, buy tons of fake $FOUR and transfer them to Poloniex. Do NOT fall prey to it! »
Despite this announcement from Sun, we must remain cautious. In effect, the character has often found himself in the middle of certain negative buzz. For example, what does he mean by “promising projects”?
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