{"id":19920,"date":"2024-11-12T15:30:34","date_gmt":"2024-11-12T15:30:34","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=19920"},"modified":"2024-11-12T15:30:34","modified_gmt":"2024-11-12T15:30:34","slug":"who-is-justin-sun-and-what-does-he-hodl-in-2-minutes","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=19920","title":{"rendered":"Who is Justin Sun and What Does He Hodl in 2 Minutes"},"content":{"rendered":"

In our new 2-minute review<\/a> for the 99Bitcoins YouTube channel, we talk about Justin Sun, the brains behind the Tron (TRX) <\/a>and BitTorrent<\/a> blockchains and is a pretty damn <\/span>controversial figure. <\/span>Sun\u00a0also has a highly watched <\/span>crypto portfolio<\/span> rivaling Vitalik Buterin and Elon Musk.<\/span><\/p>\n

In this 99Bitcoins episode, we\u2019ll explore Justin Sun\u2019s holdings and who the Joker of crypto is in<\/span>\u00a0two minutes.<\/span><\/p>\n

Who is Jack Ma\u2019s Protege Justin Sun?<\/h2>\n
<\/div>\n

Justin Sun, chosen by Alibaba\u2019s Jack Ma, was among 30 students recruited to drive change in the Chinese corporate sector.<\/span><\/p>\n

In his thesis, \u201cThe Birth of a Decentralized Internet,\u201d Justin Sun explored blockchain\u2019s potential before graduating from Hupan University in 2018.<\/span><\/p>\n

Before graduating, Justin Sun founded the Tron blockchain in 2017, a rival to Ethereum.\u00a0<\/span><\/p>\n

Major update on the Tron network\u2014stay tuned!<\/p>\n

\u2014 H.E. Justin Sun(hiring) (@justinsuntron) November 12, 2024<\/a><\/p>\n\n

Today, Tron is the leading platform for<\/span> transferring the stablecoin Tether (USDT) globally<\/span><\/a>.\u00a0\u00a0<\/span><\/p>\n

Besides their accomplishments, Justin Sun has a list of controversies, including wash trading scheme<\/span>s.<\/span>\u00a0<\/span>According to a polarizing article from the <\/span>Verge<\/span><\/a>, Sun directed his Beijing team to manipulate the Tron price using insider information, buying before announcements, and selling for a profit.<\/span><\/p>\n

The article also alleges Sun was obsessed with avoiding taxes, spreading his wealth across multiple bank accounts worldwide to avoid anti-money laundering laws.<\/span><\/p>\n

Lastly, the Verge argues Sun became Grenada\u2019s ambassador to the WTO, possibly to gain diplomatic immunity, and used this role to promote Tron and even engage with Russia during its invasion of Ukraine.<\/span><\/p>\n

Sun <\/span>sued the Verge<\/span><\/a>, but many in the crypto community debate who is in the right and wrong here.\u00a0<\/span><\/p>\n

READ MORE:\u00a0The 12 Next 100x Cryptocurrency in 2024<\/a><\/strong><\/p>\n

So What Does Sun HODL In His Portfolio?<\/h2>\n

Now that we\u2019ve dealt with the many controversies, Justin Sun\u2019s crypto holdings total $1.03 billion, and at their peak, they were worth $7 billion. His portfolio includes <\/span>$276 million in the stablecoin USD<\/span><\/a>, $238 million in Tron, and $117 million in the peer-to-peer file-sharing cryptocurrency BitTorrent (BTT).<\/span><\/p>\n

(Arkham<\/a>)<\/p>\n

Additionally, Sun holds $98 million in Bitcoin,\u00a0 $11.56 million in meme coins Shiba Inu and $5.63 million in Floki, $9.22 million in Ethereum, and has an NFT portfolio valued at $8 million.<\/span><\/p>\n

We\u00a0<\/span>wrote an\u00a0article last month<\/a> about Sun receiving an $8.75 million airdrop of EigenLayer, a DeFi project, and immediately dumped all of it,\u00a0profiting $22 million.<\/span><\/p>\n

Anyway, that\u2019s all we have for Justin Sun\u2014he\u2019s a shady character but one with tremendous influence on the cryptocurrency markets.\u00a0<\/span><\/p>\n

WATCH OUR FULL VIDEO HERE<\/strong><\/a><\/p>\n

EXPLORE:\u00a0New And Upcoming Coinbase Listings To Watch Out For<\/a><\/strong><\/p>\n

Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n

The post Who is Justin Sun and What Does He Hodl in 2 Minutes<\/a> appeared first on <\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

In our new 2-minute review for the 99Bitcoins YouTube channel, we talk about Justin Sun, the brains behind the Tron (TRX) and BitTorrent blockchains and is a pretty damn controversial figure. Sun\u00a0also has a highly watched crypto portfolio rivaling Vitalik Buterin and Elon Musk. In this 99Bitcoins episode, we\u2019ll explore Justin Sun\u2019s holdings and who […]<\/p>\n","protected":false},"author":0,"featured_media":19921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19920"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19920"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19921"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}