Will Justin Sun dump 33 billion TRX on New Year's Day?

[cheezcarls]

TRON (TRX) will be unlocking 33B TRX on Jan 1, 2020. What these tokens will be used for has yet to be determined.

TRON will be starting 2020 with a massive token unlocking which will increase its current circulating supply of 66B by 50%. 33B TRX will be unlocked on the first day of 2020. The TRON Foundation locked the funds months after it migrated from Ethereum to its own mainnet.

Source link here

Even if they say that they have no plans on what to do with 33 billion TRX, I would honestly don't believe that in an instant.

Anything can happen within or after January 1, 2020. If they say that there's no purpose, they should have remained it locked until they have a valid reason to use them for future developments.

There could be chances that some of the TRX will be dumped to fund for their development, or will be moved to another TRX or so. I don't know, but we'll see what happens after January 1st.

To all TRX fans and holders out there, what is your reaction about the recent decision of TRON to unlock the 33 billion TRX? Hmmm....

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[xvids]

I don't think that he would really dump it because many investor could lose interest and leave the project.
If thatmassive amount would be dump the price would crash down big time it is already low so it could destroy it.

[pakhitheboss]

After the release of new TRX token the value of 1 TRX will go below the existing price. If he sells more TRX then this token will not have any value in the market. I do not think he will dump those new tokens.

[Anonylz]

One of the reason why am not a huge fan of trx is because of it's enormous supply, i always thought of this even though i hold some trx in my wallet, anytime they release new trx in  circulation in the market it will often result to this type of panic, and how it will affect price, 33 billion is a huge amount which can definitely affect price a great deal, this is not a good news at all, i hope he will not do this.

[Furious 7]

33 billion TRX is a large amount. I am afraid that the tokens will be wasted to get funds for the foundation for development project in 2020. I want to know until the first new year what happens with tron.
If you already know like this I am sure investors will be anxious to see news like this so, while January 1, 2020 is a few days away ,.

[cutesgirl]

TRON (TRX) will be unlocking 33B TRX on Jan 1, 2020. What these tokens will be used for has yet to be determined.

TRON will be starting 2020 with a massive token unlocking which will increase its current circulating supply of 66B by 50%. 33B TRX will be unlocked on the first day of 2020. The TRON Foundation locked the funds months after it migrated from Ethereum to its own mainnet.

Source link here

Even if they say that they have no plans on what to do with 33 billion TRX, I would honestly don't believe that in an instant.

Anything can happen within or after January 1, 2020. If they say that there's no purpose, they should have remained it locked until they have a valid reason to use them for future developments.

There could be chances that some of the TRX will be dumped to fund for their development, or will be moved to another TRX or so. I don't know, but we'll see what happens after January 1st.

To all TRX fans and holders out there, what is your reaction about the recent decision of TRON to unlock the 33 billion TRX? Hmmm....

I think better you give source link about Justin Sun will unlock about 33 billion TRX, how ever will give positive way to make TRX have higher price after burning their coin supply, but where source your discussion topic come from, you have put your source link and never make many people panic for buying TRX without get correct information.

[IvugeoEvolutionCoin]

After going through the beincrypto source link attached, i saw a postulation that the 33B TRX to be released might be used to boost Poloniex exchange which was recently acquired by Justin Sun. There is some sense in that speculation but no proven evidence yet. However, I think we should just wait and get official info from TRON foundation with regards the unlocking of the coins and reason for unlocking that huge amount (if and only if it will happen).

[Blowon]

There must be a plan for that. I just confused it could be good moment to hold ot not. at other side, Justin like control our money 

[ronaldo40]

i think he will not dump his token because 33B TRX currently worth more than 400M$ which can make a huge impact on the price of trx.
And if he did that i think many users will be disappointed with this decision

[DaMut]

as the article said, they want to increase the total coin in circulation. that means they want to increase the liquidity, if it is true this also means there will be another exchange coming up in the near future. I do not think justin will dump the market after painstakingly shill his project to increase the value of the coin.

[alicecrowl966]

He is not mad person to just dump trx with this incredible amount. In my opinion, they will just hodl majority of this

[fuer44]

I think that's too much. for tokens such as tron, they shouldn't need to open that much, open a small amount first because the most important thing is the liquidity of the token so that you can get high volumes. after that, the supply can be added later.

[Pamadar]

It's business. No one knows what this person thinks about how he will manage to maximize his profits if he see opportunities then expect this might happen. But I doubt he will do that in a quicker ways instead he will try to observe and make his decision final when he's convinced doing so.

[lolgato1]

That would be amazing! Who else will continue with dumping its own coin? Vitalik, Wilcke and Justin Sun. My next tip is Charles Hoskinson. What is yours? 

[killerfrost]

Well, what if all these TRX numbers were sold after unlocking? I think the price of TRX will fall to the abyss and never recover. But for an intelligent person like Justin Sun, I believe this will never happen, he will make the development project and the price of the token will go up before he intends to dump price, It is not wise to start dumping everything at such a low price

[Taskford]

So far I don't think he will destroy the reputation of TRX  since if he do that most provably the old and big supporters will gone and he will lose more money for that since imagine if he keeps the project on the good track he can possibly earn more rather than giving some shit right now, maybe he will dump but for sure just for personal or business expense.

[knuckey]

I don't think there is an overreaction from the TRX holders and they also know that unlocked tokens will not be dumped without any purpose for development or tron needs themselves, but this was recently one of Tron Twitter accounts that made a poll.

Look here, Poll regarding 33b #TRX unlock

[pikkie]

So far I don't think he will destroy the reputation of TRX  since if he do that most provably the old and big supporters will gone and he will lose more money for that since imagine if he keeps the project on the good track he can possibly earn more rather than giving some shit right now, maybe he will dump but for sure just for personal or business expense.

therefore the CEO of Tron will not be able to raise the price of TRX, at least he should be able to trigger investors and traders to buy tron so that many will buy tron and will make the price of tron go up, I think only that way to be able to raise the price of the tron safely.

[joinfree]

That's a huge amount and is likely to generate a stir in the market to cause  people to panic sell. To be honest if they really don't have any idea or developmental growth upon which they want to spend such a huge amount then it would be best to keep it locked. TRON has never been  my favourite altcoin to hold especially not in this bear market season so it doesn't really affect me much. I hope Justin really updates his community about this issue as soon as possible.

[Landak]

surely they already have a plan, it is impossible without thinking about the bad effects. in my opinion, there will not be a massive dump even if it happens it will definitely have an amazing effect (I'm not sure this will happen), justin sun must have a plan.
advice for investors, be careful of the worst possibilities, I myself also have trx but not much.