Warren Buffett Just Made a 10x In Crypto, Reveals Justin Sun

Godfrey Benjamin
September 7, 2024
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Warren Buffett Just Made a 10x In Crypto, Reveals Justin Sun

Highlights

  • Warren Buffett HODLed his gifted Tron, netting 1000% growth
  • Justin Sun shared a major advise that could enhance the wallet's profit
  • The Tron network is now more attractive because of its memecoin pivot

Tron founder Justin Sun took to X to reveal the latest crypto win recorded by American entrepreneur Warren Buffet. According to Sun, the CEO of Berkshire Hathaway held the Tron (TRX) for more than 4 years. In that time, TRX gained 1000% with a daily return of 0.6%, making Buffett more than 10x richer than when he first made the investment.

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Justin Sun’s Relationship With Warren Buffett

Now known as a major promoter of Sun Pump, Justin Sun seized the opportunity to highlight that holding crypto is “the only way to win.” Much more, he believes that staking the TRX token would have given the billionaire investor a higher returns, up to 1300%. A Tronscan link attached to Sun’s post confirms that Buffett currently holds approximately 1.9 million TRX, valued at $284,146.72.

The wallet showed that he held other digital currencies including United States dollar-pegged stablecoin Tether (USDT). Warren Buffett has a soar relationship with Bitcoin and crypto. However, he once discussed the subject with Justin Sun in 2020 when the duo had dinner.

The dinner was held at a private country club in the Berkshire Hathaway’s home city of Omaha, Nebraska on January 23, 2020. Apart from Justin Sun, some other top crypto giants were in attendance.

This includes Litecoin creator Charlie Lee, eToro CEO Yoni Assia as well as the then-CFO of Huobi, Chris Lee, and head of the Binance Charity Foundation, Helen Hai. Though he gave no specifics, Sun urged his readers to “take Mr. Buffett’s advice and guidance to make TRON a better ecosystem, business with all the partners in the blockchain space and beyond.”

While it was hard to decode this message, that Warren Buffett HODLed the Tron Sun gifted him speaks volume.

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The Attractiveness of Tron

A 1000% price growth in 1688 days is a significant profit margin for any investors. While it is not confirmed that Warren Buffett is really in control of the wallet, HODLing Tron has proven to be worth it. According to a recent Tron price analysis,  TRX has been fighting intense drawdown thus far this month. At the time of writing, it was trading at $0.1476 with 1.46%.

While this bearish twist has spanned over a week, it could serve as an obvious opportunity for traders to take a slice of the pie. Justin Sun is driving an intense memecoin evolution on the Layer 1 network. While the Sun Pump meme launch platform outpaced Pump Fun at its peak, there has been a cool-off in recent times.

However, to print related 1000% surge like Buffett, exploring Tron memecoins like Sun Dog appears a viable way. With plans to allocate 100% SUN revenue to token burn, the network appears more attractive than when Buffett first encountered it.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.