Justin Sun Denies Liquidation Rumors, Announces $1 Billion Fund to Combat FUD


Justin Sun Denies Liquidation Rumors, Announces $1 Billion Fund to Combat FUD

  news.bitcoin.com 05 August 2024 09:47, UTC

In his latest social media posts, Tron Founder Justin Sun addressed rumors about the liquidation of their positions, firmly denying any truth to these claims. Sun emphasized that they rarely engage in leveraged trading strategies, as they do not see significant benefits for the industry. Instead, they focus on activities that support the industry and entrepreneurs, such as staking, running nodes, working on projects, and providing liquidity. He reassured the community that the recent market fluctuations are not due to negative news and urged everyone to reject fear, uncertainty, and doubt (FUD). To further support the industry, Sun announced the creation of a $1 billion fund aimed at combating FUD, investing more, and providing liquidity.

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