Justin Sun, the founder of TRX, announced on the social network X his intention to buy back the $SUN meme token at $0.03. Considering that a price drop below this level could undermine the credibility of the SunPump meme launch platform and the TRX network in general.
Interestingly, this message is reminiscent of a three-year-old tweet from Sam Bankman-Fried, the founder of the FTX exchange. Then Bankman-Fried announced his readiness to buy any number of $SOL tokens at a price of $3. After this announcement, $SOL experienced a “revival” and demonstrated an impressive price increase.
submitted by /u/dll_crypto
[link] [comments]