Tron (TRX) founder Justin Sun, one of the most remarkable names in the cryptocurrency market, is on the radar of investors with the investment decisions he makes. With his latest move, he created excitement in the market. According to the information provided by Arkham Intel, Sun withdrew 500 million USDT from JustLend and transferred the entire amount to the Huobi Global exchange. This move led to speculation that Sun would make new altcoin investments.
So which altcoins might Justin Sun be collecting?
Sun’s purchases between December 18, 2023 and January 21, 2024 may be a clue for investors. Between these dates, Sun had 17,433 ETH ($43 million), 68,999 AAVE ($6.7 million), 656.4B SHIB ($6.3 million), 61,249 LINK ($957 thousand), 27.16B FLOKI ($885 thousand), 1.7M MANA (826 thousand dollars) and 100,100 BAND (168 thousand dollars) investment.
Looking at these purchases of Sun, it seems that he is interested in Ethereum (ETH), decentralized finance (DeFi) projects AAVE and LINK, meme coins SHIB and FLOKI, metaverse-focused MANA and oracle solution BAND. This move by Justin Sun created excitement in the cryptocurrency market. It is a matter of curiosity which altcoins Sun will buy. Investors can better understand market trends by following Sun’s investments.
Latest developments in the Tron market
Meanwhile, recently Justin Sun took an innovative step to increase the scalability, speed and security of the Bitcoin ecosystem and presented an ambitious Bitcoin layer 2 roadmap. The strategic plan aims to not only improve the efficiency of transactions on the Bitcoin network, but also promote a seamless integration between TRON’s robust digital asset environment and the Bitcoin Blockchain.
With this initiative, Sun envisions a future where the interoperability and utility of Blockchain technologies reach unprecedented levels, thereby redefining standards for the evolution of the industry. The announcement of TRON’s Bitcoin Layer 2 roadmap marks a significant milestone in the quest for blockchain interoperability.
Convenience for TRX ecosystem in Bitcoin
TRON’s roadmap, unveiled on Thursday, February 15, outlines a three-phase strategy aimed at integrating the company’s diverse portfolio of assets, including the $55 billion stablecoin market, into the Bitcoin network. The integration is expected to bring new financial vitality to Bitcoin by leveraging the company’s existing market power and user base.
The first phase of the roadmap focuses on using cross-chain technology to facilitate direct interactions between various TRON network tokens and the Bitcoin Blockchain. In addition to major stablecoins such as USDT and USDC, other leading TRON tokens such as TRX, SUN, JST, BTT, WIN and NFT are also included in this scope.
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