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With yesterday’s announcement about a $100 million purchase of the $TRUMP memecoin, Tron (TRX) founder Justin Sun is in contention with Elon Musk to become the largest personal donor to US President Donald Trump. As his donations and purchases of Trump’s crypto tokens continue, it’s safe to assume that the president will personally earn over $60 million from Justin Sun — and probably much more. Weeks ago, Sun was already a $75 million donor to Trump’s first DeFi project by way of his World Liberty Financial (WLFI) token purchases. In addition, Sun and HTX, which he claims to advise, had also bought $TRUMP coins, with his holdings soaring to over $38 million. This week, Sun and his TronDAO announced another record-breaking purchase of $100 million of the Bill Zanker-advised memecoin. Sun retweeted the announcement in affirmation. We are so excited that @justinsuntron / @trondao is buying $100 Million of $TRUMP! $TRUMP ON #TRON! — TrumpMeme (@GetTrumpM...

Summary ⚈ Justin Sun leads TRUMP token leaderboard ahead of the exclusive May 22 dinner with Donald Trump. ⚈ Rankings are based on time-weighted holdings, a metric rewarding long-term commitment over quick buys. ⚈ TRUMP token has seen massive demand and volatility, gaining 26% weekly, with over $52 million in tokens moved by the team. With just 10 days remaining until the Official Trump (TRUMP) dinner event for top holders, the leaderboard is taking shape, with Tron (TRX) founder Justin Sun emerging as the frontrunner. The dinner will allow TRUMP holders to meet President Donald Trump on May 22, with the participation cutoff set for today, May 12. According to the event structure, the top 220 investors will be invited to the gala dinner, while the top 25 will also gain access to a private VIP reception and an exclusive tour. Rankings are determined based on time-weighted holdings from April 23 to May 12, a metric designed to reward long-term commitment rather...

Tron’s TRX token has captured headlines with its remarkable rally, climbing 85% within a single day to break its previous all-time high of $0.23 and reaching a peak of $0.43, according to CoinGecko data.  As of press time, TRX trades around $0.33, marking a 20% increase over the past 24 hours. Its market capitalization has also surged from $19 billion to $36.7 billion, cementing its position as one of 2024’s best-performing cryptocurrencies.  TRX seven-day price chart. Source: Finbold Over the past 30 days, TRX has gained over 98%, with a 220% increase since the start of the year. Picks for you Here’s why XRP could crash soon 8 mins ago XRP price and technical chart Analysis 2 hours ago ...

The Terra-Luna Ponzi scheme grew to an incredible size, with the TerraUSD algorithmic stablecoin reaching a mind-boggling $40 billion and the Luna governance token growing to a market capitalization of $40 billion. This growth was subsidized by Terraform Labs paying an unsustainable lending rate through the Anchor protocol. Then the music stopped. The value evaporated and the subsequent collapse of Terra-Luna had a devastating effect on the wider crypto ecosystem, destroying trading firms, exchanges, and lending platforms. However, Terra was far from the sole algorithmic stablecoin, and its spectacular collapse caused a ripple effect that was felt by many of its competitors. Some have pivoted, finding alternative designs with more collateral, but most have failed to see adoption in the industry. Here we take a look at the current state of some of the better-known projects impacted by Terra’s spectacular demise. At its peak, TerraUSD’s market cap reached a mind-boggl...

The Shiba Inu (SHIB) market has been lauded for an array of things, including the network’s utility and its efforts to move away from the “meme coin” tag. However, the community-driven project’s burn mechanism has been questioned by many. Several have suggested that Shiba Inu hasn’t sent enough assets into dead wallets. But Tron’s Justin Sun was seen praising the SHIB ecosystem for its burning mechanism. Also Read: High-Risk High Reward: 3 Cryptocurrency Coins With 10x Gain Potential Justin Sun’s Perspective On Token Burn Mechanisms SunPump’s Development And Token Burn Strategy Sun has been busy developing the first meme platform on the Tron network, SunPump. Amidst this, the network has been trying to kickstart the token burn process. Seeing advantages like deeper token liquidity and regulatory acceptability, the SunPump community first contemplated burning Liquidity Pool (LP) tokens. On-Chain Buyback And Burn Procedure Sun said SunPump would forgo t...

USDD, the algorithmic stablecoin on Tron supposedly governed by the TRON DAO Reserve, has removed approximately 12,000 bitcoins from its collateral, despite the DAO not approving the change. The coin was originally planned to be a Terra rip-off promoted by Justin Sun, however, ambitions to integrate it into the core of TRON were abandoned following the ignominious failure of Terra-Luna. Previously, the USDD transparency page included approximately 12,000 BTC in 1KVpuCfhftkzJ67ZUegaMuaYey7qni7pPj; however, that address is no longer included.  lmao @justinsuntron silently removed the 12.000 btc as USDD collateral recently and it's now 100% backed by tron (except for 20mil. usdt). This was the address: 1KVpuCfhftkzJ67ZUegaMuaYey7qni7pPj — Symbio (@NoCryptFish) August 21, 2024 Despite Sun and USDD’s frequent claims that it is governed by a decentralized autonomous organization (DAO), there are no governance votes that seem to correspond to this change .  There h...

The Sundog price skyrocketed 104% in the last 24 hours to trade at $0.1705 as of 4 a.m. EST on trading volume that surged 26% to $54.9 million. The token has surged 160% in the past week to reach a new all-time high. The recently launched token attracted a lot of attention as whales got involved within the first few days of its launch. Crypto experts started noticing massive buy orders for the token, which pumped its price up, including a 450k buy reported yesterday, August 19. OMG SOMEONE JUST SLAPPED A 450k BUY ON $SUNDOG. SEND IT FUCKING HIGHER AGHHHHHH. pic.twitter.com/jJdhivMxWw — CRYPTO WASTA (@cryptowasta) August 19, 2024 Others have noted that the meme coin has the support of Tron founder Justin Sun. I see @justinsuntron supporting $SUNDOG. This man is probably second to CZ as the richest man in the crypto He doesn’t need money Dude wants to send the flagship dog meme to billions to bring all the attention to TRON dexes and ecosystem It’s happenin...