Wed, March 19

Justin Sun Announces TRX Integration with Solana and Pledges Zero Personal Profits from Meme Coins

Justin Sun Announces TRX Integration with Solana and Pledges Zero Personal Profits from Meme Coins Altcoin News
  • TRON’s founder, Justin Sun, plans to integrate TRX with the Solana blockchain for enhanced interoperability.
  • Sun declares he will not personally profit from meme coin ventures, pledging to cover any losses himself.

Justin Sun, the founder of TRON has announced plans to integrate TRX, the native token of the TRON network with the Solana blockchain. This move plans to improve cross-chain functionality that allow users to access TRX on Solana’s fast and cost-effective network. The integration could drive higher adoption for TRX, which has primarily been used within the TRON ecosystem.

Sun’s collaboration with Solana follows recent efforts to expand TRON’s presence in the broader blockchain space. By leveraging Solana’s speed and low fees, TRX transactions could become even more efficient, benefiting traders and developers alike.

Sun’s Stance on Meme Coins: No Personal Profit

In a separate tweet on March 19th, Justin Sun addressed the rising meme coin trend clarifying that he will not personally profit from any meme-related ventures. Sun stated that any losses incurred from meme coin projects would be covered entirely by himself, while all proceeds would be donated.

This statement might aim to distance himself from concerns over potential market manipulation. Also that reinforce his commitment to ethical practices in the cryptocurrency space. It also aligns with growing calls for transparency among high-profile crypto figures, especially after controversies involving influencers launching and profiting from meme coins.

TRX Market Reaction

After the tweet, TRX saw an immediate market reaction, increasing 9.26%, climbing from $0.2224 to $0.243. Correctly, TRX priced at $23.27 with a market cap of $22.11 billion. This rally was accompanied by a 65% surge in trading volume that reached 1.14 billion TRX. The announcement also impacted other meme tokens in the TRON ecosystem, highlighting the market’s strong sensitivity to Sun’s statements.

(Source: CoinMarketCap)

However, Sun’s dual announcements highlight his strategic approach—expanding TRON’s ecosystem while maintaining a transparent stance on speculative assets like meme coins. The integration of TRX with Solana could drive further utility for both networks, while his commitment to ethical meme coin practices may set a precedent for other industry leaders.

Highlighted Crypto News Today

U.S. Authorities Drop Fraud Charges Against BitClout Founder Nader Al-Naji

A journalism graduate who is passionate about writing loves to dance and travel currently starts exploring blockchain technology.