I think Justin Sun is manipulating all his projects giving them fake pump to gain attention.
The screenshot below shows that there was no real buyers behind TRX pump and other TRON ecosystem projects on Binance.
What does this mean?
I have been analyzing all the strong altcoins projects on Binance that pumped in past weeks.
None of those projects dumped after pump drastically.
Yes, some corrected which is normal after such market pump with some doing up to 5X but none dumped like the project of Justin Sun doing right now.
If a project is being accumulated by genuine investors, you will see the chart holding a minor support after a pump and would hold such support except there is a massive market flush before such projects will breakdown into major support.
But after Just Sun bought his own project yesterday with his funds pumping only TRX to 100% and others to slightly below 50%, he decided to dump them back from where he pumped them.
I love what Just Sun represent in the market.
I appreciate all the tech he is built but sometimes he makes decisions that makes it almost impossible to trust projects he is involved in.