Although investors get rid of their Ethereum positions in the face of the fall in courses, the founder of Tron, Justin Sun, does not intend to follow the movement. On the contrary, it intends to strengthen links with the developers of the Ethereum blockchain.
The founder of Tron does not sell Ethereum
Justin Sun Confirmed that he did not intend to get rid of his assets in Ethereum, despite the fall in prices of the largest Altcoin. In a message published on X, the founder of Tron said that the price of ETH is currently low, the Tron Foundation did not plan to separate from his holdings.
“The price of the ETH is currently low, but we do not intend to sell our assets in Eth,” said Justin Sun.
Although the Foundation Tron has not publicly revealed the amount of its assets in Ethereum, speculations suggest that the organization would hold a substantial quantity of the cryptocurrency. According to estimates, Justin Sun himself would hold about 665 000 ETH, or near billion dollars on the current course.
Despite the fall in the value of its Ethereum assets, which fell from their summits by approximately $ 2.5 billionthe founder of Tron remains firm in his decision to keep his ETH.
Collaborate with developers to save your wallet
In addition to his intention to keep his assets in eth, Justin Sun revealed that Tron would seek to deepen his Collaboration with the Ethereum network. In the future, Tron plans to explore more opportunities for collaboration with Ethereum developers and other essential stakeholders.
-“Tron will continue to look for opportunities to collaborate with more developers Ethereum and to build our industry together,” added Justin Sun.
His comments come after a series of community suggestions aimed at improving the performance of the Ethereum price. Although the founder of Tron has not provided more details, the planned collaboration should stimulate activity within the ecosystem.
This is not the first time that Justin Sun has supported Ethereum. The founder of Tron had previously unveiled a strategy aimed at climbing the price of ETH until 10 000 $. His plan was based on ETH sales stop by the Ethereum Foundation for three years and the Taxation of protocols of layer 2.
At the time of writing, the price of Ethereum is negotiated at 1 581 $, After falling 46 % in the past 12 months. Some claim that the price of Ethereum has affected the substance and that encouraging data on employment in the United States could propel it to 2 000 $. The graphics also indicate bull signals, the ETH negotiating above a resistance trend line, leaving to hope for a progression until 4 800 $.
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