The market seems set to end the weekend on a bearish note. At the time of press, most cryptocurrencies have slipped into the red zone and particularly for Bitcoin has dropped below the $8,000 position yet again.
Tron’s TRX, however, is resisting all bearish pressure and at time of press, is the only coin apart from Bitcoin SV in the top 20 that is in the green zone. The gains are also considerably high, a little over 5%. The surge comes following an announcement by the founder, Justin Sun, promising big things to come in the near future.
Justin Sun Tweeted that there is “something huge” coming to the Tron ecosystem and BitTorrent. He stated:
” Something huge and amazing going about #TRON and #BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed! $TRX $BTT”
This announcement saw TRX surge by nearly 7% immediately and BTT surge by 20%. This saw TRX climb from $0.027 to a high of $0.030. The fast reaction shows how much belief investors have on Justin Sun who has continued to deliver on great partnerships and project developments. His tweet has seen TRX demand climb with many accumulating for the big surprise, driving prices up despite the market is bearish.
A Little Too Soon? Again
It is important to note that Justin Sun does not specify in his Tweet what the recent announcement entails. In fact, according to the tweet, it is not a done deal, it’s “70% to win”.
This could have serious repercussions if it fails with him having to explain the reason for creating the hype before the deal is done. For holders, the stake is much higher, with failure seeing a dump from speculators.
In the past, Justin Sun has made such a terrible mistake. He earlier this year announced that Tron would be collaborating with English Premier Club Liverpool, which turned out not to be the case. He has also previously stated that his founded project would be partnering with Chinese tech firm Baidu which was also not the case.
Hopefully, this will not be such a case as the two.