- Justin Sun promises to donate $1 million to an environmentalist
- The fall of Tron after the crypto bubble burst
Tron News Today – The founder and CEO on Tron (TRX) and the Tron Foundation – Justin Sun – has promised to donate $1 million to 16-year-old world-renowned environmentalist and activist – Greta Thunberg. The fund will be going into one of the initiatives that Thunberg supports related to global warming and climate change.
Justin Sun to Contribute $1M to Greta Thunberg
The digital currency space is one of a kind, filled with outspoken project founders, eccentric characters, and many influencers sharing analysis behind the guise of a cartoon character or dog. One of the most outspoken project founders, the founder of Tron (TRX), is once again contending for the public limelight. Sun is trying to bring more attention to his digital currency project.
In the past, Sun has made headlines for winning a long-canceled launch meeting with the Oracle of Omaha himself – Warren Buffet. He was also in the news for acquiring BitTorrent – a file-sharing platform. Nevertheless, not all the news associated with Sun are always positive.
As a young entrepreneur, I share @GretaThunberg’s passion to change the world. Crypto will contribute immensely on reducing carbon footprint by implementing decentralized settlement. I would like to personally commit USD$1 Mil to @GretaThunberg ’s initiative. #cop25
— Justin Sun (@justinsuntron) December 18, 2019
Thunberg became a superstar overnight, a guest on many talk shows, and the subject of memes after her addressing the UN body with such passion. Considering her sudden fame, Sun may be trying to piggyback on her success and bring more awareness to his digital currency project or he might just be an advocate of the environment himself.
Irrespective of the ulterior motives of Sun, there is no doubt that the contribution will go towards something positive. He said that digital currencies such as his Tron (TRX) and Bitcoin would minimize the overall carbon footprint left by traditional technologies today.
The fall of Tron (TRX) After the Crypto Bubble Burst
The native currency of the Tron network, TRX, is currently changing hands at $0.013, after an increase of about four percent over the past twenty-four hours. The value of the digital currency is down by more than 94 percent since it tested its all-time high in December 2017, during the crypto hype bubble. The price of TRX surged to more than 22 cents against the USD.
The digital currency is also down year-to-date, starting this year at $0.018, joining Ripple’s XRP and Ethereum in setting fresh 2019 lows in response to the most recent plunge of Bitcoin (BTC). To return to its all-time prices, the digital currency would need to surge by more than 1700 percent from its current levels.
Tron (TRX) was once among the top ten digital currencies by market cap. Nevertheless, it has lost its position due to the continuous downtrend and lack of momentum to keep up with its rivals.