Tron Founder Denies Claims Of Limited HTX Usage Amidst Criticism

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.

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.

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

source

Leave a Comment