TRON founder Justin Sun intends to invest in the TRX held by FTX immediately after the court approves the liquidation program.
Justin Sun needs to conserve the industry by acquiring FTX’s liquidated assets
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“I can acquire this TRX by means of OTC. So we’re fine.”
I can invest in people TRX tokens by means of OTC. So we’re fine. https://t.co/I1if7xSf65
— SE Justin Sun å™å®‡æ™¨ (@justinsuntron) September 11, 2023
According to FTX’s most recent asset report, the exchange holds 33 million USD TRX. According to Messari statistics, this is 1 of the assets that can practical experience robust marketing stress when FTX token holdings account for the bulk of trading volume above the previous seven days. Other coins in the listing involve SOL, APT, DOGE, MATIC.
The buyout unit estimated that FTX holds $three.four billion in Class A cryptocurrency tokens (defined as extremely liquid) and $900 million in Class B cryptocurrency tokens (defined as extremely liquid).
This is not the initial time Justin Sun has presented to conserve the industry, the founder’s listing of gives to acquire assets from struggling organizations in the previous involves:
However, all the over strategies did not come correct.
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