The most negative behavior awards include Sun Yuchen before him and Zhu Su after him.
Here are some of the more well-known events:
TRON and BitTorrent
Event background: Justin Sun acquired BitTorrent and integrated it with the TRON ecosystem. Tron initially received a lot of attention and capital injections.
Market reaction: Although the early publicity effect was significant, subsequent development progress and ecological development failed to meet market expectations. The TRON ecosystem gradually encountered a decline in market confidence, and the price of TRON performed weakly in the long term.
Steem events
Background of the event: In 2020, Justin Sun tried to take over the Steem blockchain by acquiring Steemit Inc., which led to conflicts with the Steem community and eventually led to a community split. Some community members created the HIVE blockchain as an alternative.
Market reaction: The Steem ecosystem has been plunged into chaos due to community conflicts, and both token prices and community participation have been hit.
Tron and USDD (decentralized stable currency)
Background of the event: Justin Sun launched USDD as a decentralized stablecoin for the TRON ecosystem. However, due to the mechanism of the algorithmic stablecoin, the market lacked confidence in it. Especially after the collapse of Terra LUNA, USDD was de-anchored.
Market reaction: USDD failed to become the mainstream of the market as expected, and the TRON ecosystem failed to achieve major breakthroughs in this project.
The DeFi project that Justin Sun participated in has undoubtedly disappeared!
Background of the event: Sun Yuchen recently said that the trx given to Buffett has made a profit of US$280,000. Hardly pointing out Buffett’s relationship with the encryption market.
Market reaction: Unknown, can the two counter-points break the curse of falling prices? Let’s wait and see!