Justin Sun Announces 100% of SUN Token Revenue Will Be Allocated to Token Burns, Boosting Community Expectations for a Price Rally
- 王林Original
- 2024-09-01 09:04:12988browse
According to Tron's Justin Sun, all of the SUN token's earnings will go toward token burn. Holders were anticipating a price rally
Tron founder Justin Sun has announced that 100% of SUN token revenue will be allocated to token burns, boosting community expectations for a price rally.
As Justin Sun's intentions for SUN crypto earnings became clear, it gained traction. A Tron executive recently announced the SUN token burn on X (formerly Twitter), stating that all earnings will be used for this purpose. This fulfills the ecology's fundamental principle.
“The SUN token burn will be announced soon and will become more regular. The team is focused on resolving API issues with revenue data. But, NO DOUBT, 100% of SUN’s revenue will go towards burning, reflecting our core value: what happens in crypto stays in crypto.”
Burning to Boost PricesCoingape details how token burns are linked to a spike in prices as the platform gains popularity. Following the announcement, cryptocurrency users praised the action, especially given the current market mood.
Justin Sun has remained upbeat about the token offering to buy the assets of skeptics who spread false stories about the asset. Sun recently announced that they will be increasing the energy cap to boost TRX staking transactions, following the SunPump craze.
Rising SUN Prices GraduallyDue to good market sentiment and customer enthusiasm, the SUN price has been gradually increasing over the last several weeks. According to crypto fans on social media, the asset's anticipated token burn is a major factor in the recent market activity. Currently, sales exceed $4 million and the planned buyback has not yet begun.
Following Justin Sun's announcement, the price of SUN climbed 8% in 24 hours, reaching $0.0362.
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