TRON (TRX) Founder Justin Sun Gathers One Million Followers on Twitter
After a generous giveaway announcement, Justin Sun saw an inflow of followers, sparking skepticism on manipulating his statistics.
Justin Sun, the founder of TRON (TRX), recently posted a generous giveaway, and even to present a Tesla in a drive that ended up increasing his followers. Now, Sun is among the leading Twitter accounts with 1 million followers. According to the TRON Foundation, Sun’s account is the first personal Twitter account in the cryptocurrency space to gain more than a million followers:
Immediately, skeptics appeared to test whether the accounts were real, or created just to boost the presence of Sun.
In the past, the TRON project has heavily relied on social media hype, concentrated around milestones like the testnet or mainnet launch. Now, the TRON project is notably giving away a Tesla with a March 27 deadline:
Currently, the TRON network shows truly stunning statistics less than a year after its launch. Millions of accounts have been created, and the network works through 2.45 million transactions per day. TRON distributed apps are also showing much higher activity compared to Ethereum (ETH). However, the TRX market price has remained stagnant, at around $0.022, unable to hold above the $0.03 mark for any significant period.
The latest activity of TRON to fuel skepticism is the newly created USDT-TRON digital asset, which represents Tether (USDT) on the TRON blockchain, in addition to the coins created through the Bitcoin (BTC) Omni layer.
Unfortunately, some believe the promise for a 20% annualized interest rate for holding USDT-TRON is excessive. USDT-TRON is also gaining support, being recently added to OKEx and Huobi. The effect of the asset is still unknown, but the new asset may boost liquidity for TRX. The asset already has a 46% of all trades happening against the traditional USDT coin, but this has not led to a spike in prices.
BitTorrent Token (BTT) is also sharing in the high social media profile of TRON. Still, after the initial hype, the asset stagnated at $0.0007.