Justin Sun says 'keep going' on Tron Inc's TRX buys as the token outperforms bitcoin
Justin Sun endorsed Tron Inc.'s continued accumulation of TRX tokens, which have recently outperformed Bitcoin.Summary
Crypto billionaire Justin Sun publicly supported Tron Inc.'s strategy of accumulating its native token, TRX, as a core treasury asset, posting "keep going" on X following their latest purchase. Tron Inc., a Nasdaq-listed firm focused on blockchain treasury strategies, acquired another 175,507 TRX tokens for just over $49,000, boosting its total holdings to 679.9 million tokens, valued at $540 million. This steady accumulation is intended to enhance long-term shareholder value, mirroring the strategy of other publicly listed firms that hold digital assets. TRX has shown relative resilience in the market this year, declining only about 1.3% compared to Bitcoin's nearly 19% drop, leading some analysts to consider it a defensive asset.
(Source：CoinDesk)