Justin Sun defended Tron

in tron •  2 years ago 

As far a I can tell, this is the only coin that got defended - all others fell between 15% and 30%. Here's the chart for the last three days:

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As you can see, Tron was pootling along at $0.063, until the afternoon of 8th November when news came out that there was a run on FTX. Tron is/was listed on FTX and so was vulnerable to Sam Bankman-Fried dumping coins to raise cash. (As it happens, all coins got dumped, even Blurt which is unconnected to the debacle).

At 5:00 a.m. on 9th November there was sustained buying of Tron, to hold it up. Later on the 9th came the news that Binance had backed out of buying FTX, and the entire crypto market tanked again.

At 6:00 a.m. on the 10th, there was more buying of Tron.

As I write this, it's trading at $0.059 - a mere 6.3% down on the price from 3 days ago.

Sadly Justin Sun didn't bother to defend Steem, which is down 25% on it's price from 3 days ago.

I guess he loves Tron more than Steem!

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