Today, the crypto market has been shaken by an interesting speculation. A Twitter user named FXHedge claimed that Tron (TRX) inventor Justin Sun was arrested in Hong Kong, where he went today. The rumor quickly spread, causing the altcoin price to drop sharply. However, it soon became clear that the claim was unfounded.
The claim that the inventor of Tron was arrested caused fluctuations in the altcoin price
A user named FXHedge, who shares information about financial markets with a large number of followers, claimed that Sun was arrested in Hong Kong, where he went today, based on the fact that Tron (TRX) inventor Justin Sun, whose Twitter shares he follows, did not share after his latest tweet. .
FXHedge’s claim sparked speculation in the market and the altcoin price saw a steep drop. TRX dropped from $ 0.067, which it was watching for the day, to $ 0.0656. However, he recovered just as quickly when it became clear that the allegations were untrue. By the way, FXHedge, which owns the claim after it was denied, later deleted the relevant tweet. At press time, the altcoin was trading at $0.0667, down 0.62% on a daily basis.
FUD warning from Justin Sun and Binance CEO CZ
The claim of FXHedge, which is also known for its sensational shares in the market, was denied soon after. Before Tron (TRX) inventor Justin Sun, Binance CEO Changpeng Zhao (CZ) made a post using the phrase “4”. As we reported on Cryptokoin.com, CZ uses the 4 sign to indicate that an event is FUD. In line with this, he stated that the allegation was a FUD and said, “Not for myself. It’s really sad to see people spreading FUD in the industry. I’m unfollowing/blocking it,” he said.
Justin Sun, the founder of Tron (TRX), retweeted Binance CEO CZ’s tweet and posted “4” himself. In this way, he stated that the claim in question was a speculation.
Justin Sun then continued to share and shared frames from a cryptocurrency event he attended in Hong Kong.
I am deeply impressed that we were able to host such an extraordinary event in Hong Kong. Our ultimate goal is to host cryptocurrency events in Beijing and Shanghai, and I’m sure we can achieve that in a few years.
TRON (TRX) is a decentralized blockchain-based operating system developed by the Tron Foundation and released in 2017. Initially, TRX tokens were ERC-20 based tokens distributed on Ethereum, but they were migrated to their own networks a year later. Initially, the project was created to provide full ownership rights to digital content producers. The main goal of the altcoin project is to help creators and incentivize them with more rewards for their work.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.