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Tron

Tron Founder Denies Claims Of Limited HTX Usage Amidst Criticism

Godspower Owie
by Godspower Owie
1 year ago
·
Posted in Uncategorized
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Cryptocurrency investor and founder of Tron (TRX) network, Justin Sun has revealed his level of involvement with the Beijing-based and fifth-largest cryptocurrency exchange in the world HTX, amidst speculations in the community regarding his little use of the platform.

Tron Founder Utilizes HTX More Than Its Overall Users

The Tron founder took to the social media platform X (formerly Twitter) on Tuesday, to address the claims within the crypto community about his level of activity with the exchange.

In response to the criticism, Justin Sun drew the attention of the community to his personal HTX holdings with his X post. He specifically noted that his actions were basically for those who are saying he is “not using HTX much.”

Furthermore, Sun also attached a screenshot of his holdings from the crypto exchange to back up his claims. According to the data, Sun’s holdings include a whopping 28,613 Bitcoin valued at over $1.6 billion.

Related Reading: Bitcoin Bullish Outlook: Tron Founder Accumulated Nearly 520 BTC Pre-Price Rally

The revelation from the well-known Tron founder simply clarifies and demonstrates his stance on the use of the HTX exchange. Justin Sun also noted that he makes use of other notable crypto exchange platforms.

“I use almost all the main exchanges and I am a supporter of those exchanges,” the Tron founder stated. Additionally, he stated that it would be incorrect if anyone claimed that he barely uses the Beijing-based exchange.

Sun further stressed that he is a “heavy user of HTX” refuting rumors in the crypto community suggesting otherwise. He added, “I use HTX for trading and believing the same as every other user does.”

The post read:

Personally, I use almost all main exchanges and am a supporter of those exchanges. However, if someone says I seldom use HTX, that would be inaccurate. I am a heavy user of HTX. My personal use of HTX is the same as all HTX users, believing and trading.

This development comes in light of the bullish sentiment around the crypto market, with Bitcoin reaching the $60,000 price mark in the past two years.

Justin Sun’s Assertion Might Be False

Justin Sun’s disclosure has since sent quite a frenzy in the community, with several crypto enthusiasts contemplating if what Sun revealed was true. One of the experts who has questioned the Tron founder’s claims is Adam Cochran.

Related Reading: Bitcoin Expert Exposes Alleged ‘Web of Deception’ By Tron’s Justin Sun

Adam Cochran drew attention to Sun’s statements by emphasizing that his holdings of BTC exceed HTX’s total holdings of the token. According to him, it is either HTX does not have real users aside from Sun, or this might not be true, or he could be claiming the exchange’s assets for himself.”

This is because HTX‘s overall BTC holdings as pointed out by Cochran stand at $1.34 billion, meanwhile, Sun’s holdings stand at $1.6 billion. There is no proof yet whether this is false or not; however, a pseudonymous X user believes it is fake, asserting that he could create such data using Photoshop.

Tron
TRX trading at $0.14313 on the 1D chart | Source: TRXUSDT on Tradingview.com
Featured image from YouTube, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Godspower Owie

Godspower Owie

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Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

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