“I am a bitcoin supporter, currently have a significant 100,000+ BTC,” Justin Sun wrote on Twitter.
Sun added that his Tron project is helping to grow the value of BTC.
“It’s interesting to see the TRON cryptocurrency acting as a network of stablecoins, which could have a positive impact on the value of bitcoin. A notable trend is the predominant use of USDT TRON for BTC trading,” the businessman added.
Tron s founder recently withdrew about $52 million in stablecoins from the AAVE decentralized finance protocol, impacting borrowing rates. Sun has not publicly commented on the reason for withdrawing such a large portion of assets. This could be a strategic decision involving new investments or portfolio reallocation.
In May, PeckShieldAlert analysts noticed a large number of meme token transfers to San’s wallet after the businessman said he planned to actively trade memcoins. San was gifted several different meme tokens, including WEED, METH, and NGMI