Justin Sun has publicly backed Tron Inc.’s ongoing accumulation of TRX tokens, signaling confidence in the asset’s resilience as it continues to outperform much of the broader crypto market. His brief endorsement comes as Tron Inc. adds to its holdings during a period of market-wide weakness.
Tron Inc. Expands TRX Treasury Holdings
Tron Inc., a Nasdaq-listed company pursuing blockchain-based treasury strategies, recently purchased 175,507 TRX tokens for approximately $49,000 at an average price near $0.28. This latest acquisition lifted the firm’s total holdings to about 679.9 million TRX, currently valued around $540 million. The company has stated that it intends to keep increasing its TRX reserves as part of a long-term strategy aimed at strengthening shareholder value.
Justin Sun Signals Support for Dip Buying
Justin Sun responded to the purchase with a concise message encouraging the continuation of the strategy. His comment reinforces Tron Inc.’s approach of steadily accumulating TRX during market pullbacks, rather than reacting to short-term price volatility.
TRX Shows Relative Strength Against Bitcoin
While the wider crypto market has struggled, TRX has remained comparatively stable. The token is down roughly 1.3% so far this year, significantly outperforming bitcoin, which has fallen close to 19% over the same period. Although TRX has retreated from its 2024 peak near $0.45, its resilience during the current downturn has drawn attention from market observers.
This relative performance has led some analysts to view TRX as a more defensive digital asset amid ongoing uncertainty across crypto markets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.