Tron [TRX] Price Plunges 5% as Justin Sun Postpones Lunch with Warren Buffet

By Nivesh Rustgi
Published July 23, 2019 Updated July 23, 2019
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Justin Sun Lunch with Warren Buffet Auction Announcement

Tron [TRX] Price Plunges 5% as Justin Sun Postpones Lunch with Warren Buffet

By Nivesh Rustgi
Published July 23, 2019 Updated July 23, 2019

The much-awaited event of this week became a bit of a downer. The charity lunch event between Warren Buffet and Justin Sun has been postponed due to medical reasons cited by Sun. No date has been set after the rescheduling for now.

tron foundation
Tron Foundation’s Notification (Twitter)

The Tron Foundation notified the crypto-Twitter community about the postponement at about 21: 30 hours UTC on 22nd July 2019. The price of Tron [TRX] has dropped from $0.0288 by about 5.18%. Hence, it seems that the market was looking forward to the lunch and something good out of it.

The price of TRX at 3: 20 hours UTC on 23rd July 2019 is $0.0286.

TRX/USD 4-Hour Chart on Binance (TradingView)

The charity lunch with Warren Buffet is an annual event whose proceeds will be donated to the Glide Foundation. Justin Sun had won the auction with a record bid of $4.57 million. Hence, for Sun and the crypto-community, it represented more than just a charity event.

Warren Buffet has always been dismissive of Bitcoin and cryptocurrency. He had once described them as ‘rat poison squared.’ Hence, the market was probably hoping for a positive comment from Buffet on cryptocurrency.

Furthermore, since Justin was at the helm of things, Tron [TRX] supporters seemed to be expecting a little more specific more the lunch – some even speculated on a partnership. However, that is purely speculation given Buffet’s original stand cryptocurrencies.

Justin was also given the privilege to invite ‘friends’ at the lunch event. Sun has approached a couple of leading figures in the cryptocurrency industry. Changpeng Zhao, the CEO of Binance, had rejected the invitation earlier politely.

Charlie Lee, the lead developer and CEO of Litecoin Foundation and Jeremy Allaire, the Co-Founder and CEO of Circle, have accepted the invitation until now.

Moreover, hours before the delay was announced, Justin has also sent an invite to Chris Lee, the CFO, and VP at Huobi Global. Chris Lee also gladly accepted the invite.

Do you think that Justin and group will be able to convert Warren to a crypto-enthusiast? Please share your views with us. 

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Nivesh Rustgi
1181 Articles
Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)

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