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Does TRON’s 14% Pump After Justin Sun-Buffet Lunch Show Crypto Market’s Immaturity?

The long-awaited lunch date between TRON founder Justin Sun and billionaire investor Warren Buffet has just taken place. Upon the news breaking, the price of the TRON network’s native crypto asset TRX took off upwards violently.


Although Sun claims TRON’s speed impressed Buffet, does such an event warrant the clear market enthusiasm? After all, Sun paid for his time with the legendary investor and we are yet to hear from the latter with regards a second date.


TRX Surges as Crypto Founder Banquets with Buffet


Last year, NewsBTC reported on TRON founder Justin Sun winning a Warren Buffet’s annual charity auction. The prize was to have dinner with the legendary investor. Sun paid $4.57 million for the opportunity.


As the report noted at the time, TRON pumped on the original news. Investors were apparently hopeful that some one-on-one time with a blockchain CEO would stop Buffet thinking that crypto is “probably rat poison squared”.


Later in 2019, Sun stood Buffet up for their original date. The TRON CEO said he had fallen ill with kidney stones and would need to reschedule the lunch. Again, the TRX price reacted to the news. This time plummeting hard.


Today, Justin Sun announced that he had finally been able to dine with Buffet. Immediately after he posted the following tweet, the TRX price start surging, even relative to an already up trending market. Read More...

TRON’s 14% Pump

#TRX

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