Another Big Blow To Tron (TRX)?

[sirty143]

Since Justin Sun, Tron founder, postponed the million-dollar lunch with Warren Buffet, he seems to be jumping out of the frying pan into the fire with each turn. Yesterday, as we reported, Justin made a suspicious apology for over-hyping the lunch with Warren and then later deleted it.

Additionally, the events surrounding his whereabouts and standing with the Chinese government authorities remain a mystery after purported kidney stones detention. On the heels of this fiasco, the TRON community has been caught up in a selling frenzy as TRON (TRX) suffers a massive loss in value.

The recent accusation against Justin comes in the wake of a raging tweet storm by Bram Cohen, the founder of BitTorrent and presently the CEO of Chia Network.

Bram Cohen Claims Justin Hasn’t Signed Off The Last BitTorrent Payment

In 2018, the Chinese blockchain billionaire, Justin, acquired BitTorrent from Bram Cohen for a whopping $140 million making BitTorrent Inc. and its sister data transfer application, uTorrent, part and parcel of the Tron family.

Now, Bram came forward with a new allegation on twitter stating that Justin has not held up his end of the deal and thus he has not received his last payment from the BitTorrent deal. He tweeted;

“Anybody know if Justin Sun is hard up for cash? He isn’t letting the last payment for BitTorrent get out of
escrow.”

Roy Liu, a TRON Foundation business associate responded to Bram making it clear that money already put in escrow cannot be termed as Justin’s money. He further mentioned that Justin had already signed for the release of the said payment. Bram was quick to reply to Roy asking;

“Are you claiming you aren’t trying to get any of the cash back? And do you have an explanation for not signing
off on it two months ago when it was scheduled to happen?”

Another Twitter follower, cryptoskillz, prodded Bram, asking him to validate his source, citing that the payment had already been released on 11th. Bram snapped back saying;

“My source for this is that I don’t have my fucking money and the escrow agency says they haven’t gotten
signoff. What’s your source?”

Up till now, neither Tron Foundation nor Justin has responded to this wild accusation.

TRX Continues To Bear The Brunt Of These Allegations

Subsequent to this new allegation, TRX is still shedding value and is one of the biggest losers among the top 20 cryptocurrencies with 4.26% losses. Hopefully, Sun will soon address these allegations and put a halt to the negative attention that is clouding the Tron community and pulling the price of TRX down.

Source: ZyCrypto

[Niteroy]

Recently, the situation around Tron and Justin San has escalated so much that the price of the TRX has only dropped by more than 20% in the last week. This is not critical, but in general it negatively affects the entire project, which hampers its development and the attraction of new investors.

[Betim]

It is strange that they make their financial agreements and problems public. It seems that all these scandals have a negative impact on both projects and in order to restore their reputation later, it will take a long time. Therefore, I do not understand why Justin and Bram do this.

[mimikri]

Recently, the situation around Tron and Justin San has escalated so much that the price of the TRX has only dropped by more than 20% in the last week. This is not critical, but in general it negatively affects the entire project, which hampers its development and the attraction of new investors.

 It happens often. TRON and its leader feel great pressure. It was evidently the stuff which will turn out to be rumors simply. However, Justin reputation was affected negatively, and TRX price went down.

[Msweet]

I think they will handle the push as before.  Because they have succeeded in their endeavors.  They will go further in the future.  They are their team and with hard work they will definitely win.

[Vispilio]

I think they will handle the push as before.  Because they have succeeded in their endeavors.  They will go further in the future.  They are their team and with hard work they will definitely win.

You are responding to a minor situation which happened in 2019, which makes it very likely that you didn't even read the context...

The dinner with Warren Buffett did actually happen in Jan 2020 by the way, so it's a non-issue now.

[Tamsialu$$]

If we look at it now, we can see that the popularity of TRX has started to increase from Etherium.  Nowadays TRX also cuts a lot of gas free low with token cell through re. And its price is constantly being updated. I believe it will be better in the future.

[Vitasinaga]

If we look now, we can see that the popularity of TRX is starting to increase from Etherium. but nowadays TRX also cut a lot of low free gas with token cells. And the price is constantly being updated. I'm sure it will be better in the future.

[Triedboy]

TRX token present time It is seen that this price has been stabilized a lot. The main reason behind this token being stable is that it is one of the most popular tokens in minutes.  Many investors have gained so much popularity to invest here.TRX Futures will go much further in the future.

[Damrai5$]

I see the market position all the time, the future of Tron is very high quality. So I always think that in the long run, if someone wants to invest in a coin, he should invest in a tron ​​less. Tron Future I think will be the best in the future.

[ttcsalam]

TRX is very good coin.justin sun is trying to give some good update as soon as possible.so i think i agree with you TRX will boom very soon i think.cuase they will realize Defi system. 

[Spaffin]

TRX is very good coin.justin sun is trying to give some good update as soon as possible.so i think i agree with you TRX will boom very soon i think.cuase they will realize Defi system.

I guess Tron wants to get most of the good pie from the decentralized finance industry too. In addition, Tron has a much lower commission within the network, compared to efereum. I believe Justin will be joining defi soon.

[aiviaa485]

This big blow did not really affect TRON because TRON is now still capable and strong to be able to compete with the top coins on Coinmarketcap.
I believe the case has been resolved honestly and well so that all traders and investors prioritize their investment in the TRON coin rather than selling it across the entire cryptocurrency market.

[Altcoin1998$]

Today tron already partnership with NFT. Just tron already blowed and must be touched more than 10 cents within this running year mid .

[Leocaspis]

Nevertheless, the author of the post did not display the information and the date of the publication long ago. The throne system has gained momentum in popularity and occupies a leading position in some issues. There is literally little time and the value of the throne rises. Given the fact that the theory of cheap tokens is being put forward, I think that the prospect is very great.