$SUN
SUN tokens are currently very popular and have received widespread attention, especially due to the support of its founder Justin Sun. Recently, SUNPUMP has grown rapidly after its launch, and the market has reacted strongly. However, there have been recent rumors that Justin Sun sold $3 million worth of SUN tokens through a certain address three years ago, causing some people to panic and short SUN tokens.
It should be clarified that Justin Sun is the founder of TRON, and TRON's current global market value has reached $14 billion, ranking ninth. If he really wants to cash out, he can sell TRON tokens or trade directly on exchanges instead of choosing SUN tokens, which currently have a market value of only $300 million. This logic is obviously not valid.
In addition, the market value of multiple projects released on the SUN platform (called "Tugou") has reached hundreds of millions of dollars. The so-called remarks of Justin Sun cashing out and smashing the market at a high position in SUN seem very ridiculous.
To clarify these rumors, Justin Sun posted several tweets in a row on August 30 to respond to negative news from the outside world. He not only expressed his firm support for the SUN token, but also mentioned the important role of SUN as a MEME coin on the HTX platform. Justin Sun even publicly stated that he would buy as much SUN as possible at a price of $0.03, and fought back against those who shorted SUN.
The current market value of the SUN token is still small, but the platform is growing rapidly, the traffic is huge, and the daily protocol revenue has reached hundreds of thousands of dollars. These revenues will be used to repurchase and destroy SUN tokens. At the same time, Justin Sun also promised to continue to promote the growth of SUN. After all, SUN is not only the name of the token, but also his surname. Various good news are gradually being fulfilled, so I am firmly optimistic about the development prospects of the SUN token.
