Mysterious “Big Pump” Message From Altcoin Founder: Is There a Response to the Price?

The founder of Tron (TRX) altcoin, Chinese crypto money developer Justin Sun, is on the agenda again with his statement on his official Twitter account.

Tron (TRX) Altcoin Founder Justin Sun Shares “Big Pump” Message in Chinese

Sun shared a Chinese text meaning “Big Pump” in his message on his Twitter account. However, it cannot be said that Sun’s tweet has much effect on the TRX price.

巨大的泵

— HE Justin Sun 孙宇晨 (@justinsuntron) March 23, 2023

As it is known, late yesterday, the SEC filed a lawsuit against Justin Sun for recklessly selling securities. However, Tron (TRX) and Bittorrent (BTT) altcoins were claimed to be securities.

Following the news of the lawsuit, there was a sudden drop in TRX price. However, even though TRX price has partially recovered from its low level, it still hasn’t managed to regain its previous level despite Sun’s “pump” Tweet.

Sun, again on Twitter, commented on the SEC’s lawsuit against them as follows:

“The SEC’s criminal complaint earlier today is just the latest example of its actions against prominent participants in the blockchain and crypto space. We believe the criminal complaint is unfair and meanwhile we will continue to develop the most decentralized financial system.

It’s no secret that the SEC’s regulatory framework for digital assets is still in its infancy and needs further development.

Given the important role it can play, we are eager to collaborate with authorities and regulators globally who are committed to creating transparent guidelines for regulating the cryptocurrency industry and working together.”

*Not investment advice.