Tron (CRYPTO: TRON) founder Justin Sun recently took to social media to confront critics of his newly launched Sun (CRYPTO: SUN) token, echoing a move reminiscent of former FTX founder Sam Bankman-Fried.
What HappenedL In a post on X on Aug. 30, Sun expressed his frustration with those doubting the value of his SUN meme coin, daring them to sell their holdings.
“For the haters and those who deliberately spread rumors against us, I’ll buy as much SUN as you have, right now, at $0.03. Sell me all you want. Then go f–k off,” Sun said.
The SUN token is the utility token of Sun Pump, the first meme coin launching platform on the Tron network, which has recently surpassed Solana's Pump.fun in daily active users and revenue.
Despite the typically low liquidity seen in the crypto markets during the summer, SUN has experienced significant price gains, rising over 240% in August alone.
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At the time of writing SUN was trading at $0.034, up about 7%, according to CoinGecko data.
Sun's provocative post has drawn comparisons to a similar statement made by Sam Bankman-Fried in January 2021, when the now-bankrupt FTX founder challenged skeptics of Solana (CRYPTO: SOL).
"I'll buy as much SOL as you have, right now, at $3. Sell me all you want. Then go f–k off," Bankman-Fried had tweeted.
As the cryptocurrency market continues to navigate through volatility and speculation, these developments highlight the ongoing influence of major figures like Sun and the lasting impact of past events like the FTX collapse.
What’s Next: These topics, along with broader discussions on the future of digital assets, are set to be explored at Benzinga’s Future of Digital Assets event on Nov. 19.
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Image: Shutterstock
