TRON [TRX] jumps 14 percent after Justin Sun tweets “something huge and amazing” is coming up
Well, it seems that TRON [TRX] is riding high on the back of the announcement made by Justin Sun on Tuesday via a tweet that something “huge and amazing” for TRON and BitTorrent is coming up and he would elaborate it further at the start of the next month. The flag bearer of the crypto community, Bitcoin surged on Monday, hitting a more-than-one-year high and nearing the $9,000 mark.
The price of Bitcoin hit an intraday high of $8,937.25 and it was the highest level since an intraday high on May 11, 2018. The cryptocurrency has seen a renewed interest among users in the past few weeks and its price is up over 140 percent so far this year.
“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!”
— Justin Sun (@justinsuntron) May 26, 2019
After the tweet by Justin Sun, TRON has jumped by nearly 14 percent and at the time of press, the coin is trading at $0.031598 and the total market capitalization of TRON stands at $2.1 billion. The entire cryptocurrency market surged by nearly $16 billion on Sunday making it one of the most bullish single day of trading since the turn of the new year.
Things have not been going on smoothly for the cryptocurrency of late as the Foundation and Justin Sun came under intense fire for the departure of Chief Technology Officer, Lucien Chen who quit his position from the team because of fundamental project ideological arguments and extreme difference of opinion with the CEO of TRON, Justin Sun.
His main contention was that in the basis of its core, because of the 27 Super Representatives, Tron is turning even worse to the level of overly-centralized.
Many analysts believe that it is right for executives and owners of crypto and blockchain related products to hype their communities with information. But then there’s a very thin line between stating actual facts and misleading the community with sheer hype. Sun’s latest tweet provides doesn’t provide any concrete information about the upcoming event and it only says that something “huge” is coming up and this led to the surge in the prices of TROn and BTT.