Charles Hoskinson humorously reacted to Justin Sun's appointment as Prime Minister of Liberland via a 28-second laughing clip on X.
Justin Sun’s political shift from Tron DAO to Liberland raises speculation about Tron’s future and potential expansion into micronations.
Tron-based meme coins, including Sundog and Tron Bull, saw price declines following Sun's appointment as Liberland's Prime Minister.
Charles Hoskinson, the founder of Cardano, had a cryptic reaction to the news of Justin Sun being elected as Prime Minister of Liberland. Liberland, a self-proclaimed micronation, sits on the border between Croatia and Serbia. It is home to about 800 citizens and covers 1,700 acres.
Interestingly, Hoskinson responded on X by posting a 28-second clip of himself laughing at Sun's unexpected political shift. The crypto community noticed this reaction, interpreting it as a form of mockery toward Sun's appointment.
https://twitter.com/IOHK_Charles/status/1844459601816862956 Sun’s Transition from Crypto to Politics
Recently, Justin Sun transitioned from his active role at Tron DAO to focus on political ambitions. This shift surprised many in the crypto space, especially since Sun previously held the role of Permanent Representative of Grenada to the World Trade Organization (WTO) from 2021 to 2023.
Consequently, his latest political venture has stirred conversations across the crypto world. Many believe Sun’s move into politics might impact Tron’s future, especially as micronations like Liberland seek recognition.
In addition, the news of Sun's appointment triggered mixed reactions within the crypto community. Many speculated that this development could potentially benefit Tron. The micronation’s international standing, though limited, could serve as a platform for Tron to expand its ecosystem.
Moreover, some see Sun’s new role as a way to further solidify his political credentials. Although Liberland remains largely unrecognized, Sun’s involvement could increase Tron’s visibility on the global stage.
Meme Coins Linked to Tron See Declines
Intriguingly, following Sun’s political appointment, some Tron-based meme coins experienced declines. According to data from Coingecko, Sundog (SUNDOG) dropped 5.3% over the past 24 hours, now trading at $0.2087.
Furthermore, Tron Bull (BULL) decreased by 0.5%, with its value landing at $0.08212. Invest Zone (IVFUN) slid by 2.9% to $0.007051, while Tron Bull Coin (TBULL) saw a significant decline of 7.9%, trading at $0.006519. These declines follow market uncertainty surrounding Sun’s evolving role and its potential effects on Tron’s future.
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