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

[Barbut]

It would be insane from them to dump all at once and for nothing! I think they are more reasonable than that! Tron is doing good with all their DApp's created this year, and why would they ruin the entire system with dumping that huge amount of coins?
Anyway, this is a piece of new information for me, I didn't know about these coins locked after migration. We should monitor the situation and what Justin plans to say after they unlock those coins.

[Thomas-s]

if Justin Sun really starts to do this, it could lead to a serious drop in the price of TRX. Now everyone expects that the price of bitcoin will go down, and if this will be at the same time with an increase in the number of TRX in circulation, then the price can drop very deep. Therefore, I recommend everyone to place purchase orders at the level of 120-130 Satoshi. maybe lower. Who knows 

[miklesm]

As for me, I am not a holder of Tron tokens, but this event might have a big influence on the TRX price. It might be a good idea to take a short position with some leverage to try to make profit on it.

[desticy]

I doubt it very much. Justin Sun is very sensitive and careful about his offspring. It will rather provoke a fictitious growth of the coin through the news background than vice versa.
Especially considering the fact that he had been annoying until 2020 to bring the coin to top 5. There was very little time left for this.

[DabsPoorVersion]

if Justin Sun really starts to do this, it could lead to a serious drop in the price of TRX. Now everyone expects that the price of bitcoin will go down, and if this will be at the same time with an increase in the number of TRX in circulation, then the price can drop very deep. Therefore, I recommend everyone to place purchase orders at the level of 120-130 Satoshi. maybe lower. Who knows 

Not only that, it might be the end of it, we are in the bear market and if he really does this we should expect the worse of it. But I don't think that Justin Sun will do something like this to destroy the good image of TRX, all their hard work will be put to waste.

[target]

I'm a TRX holder and would wanna dumped this bag of mine if the tokens are going to be unlocked. With 33B TRX dumped, its not going to have a better price in more than 5 years. Of all shits coming out of Suns mouth, its without having a plan of this 33B TRX that is the shittiest of all. Holders going to be fucked sixways to sunday so dumped now before its price sinks to the bottom to 1 satoshi.

[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.

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.

It's not about how they raise the price since if they do those for sure there's no organic growth will happen and that would be a waste of resources for the trim Dev if they will pump on their own so maybe they need their supporters help for that and the only thing dev needed to do is constant development so that a huge number of supporters will come and the old will stay.

[veilmoil]

if he dump with 33B TRX i think TRX will Exit scam and he might raided again. i just have 2 speculation
1. he will burn (maybe not all of it) to increase TRX Price
2. he will lock again but with different value

[coin-investor]

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....

It will have a negative impact, they should only release a small percentage and they should be stated what are these for, I'm sure it will be dumped in the market, 66 billion is just too much for a coin that is just starting out, I haven't read about the roadmap and their condition of the unlocking, but it will have a negative impact.

[VanDeinsberg12]

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

That's just a poll and the decision can be changed anytime based on various factors.

in the poll said that majority of people vote for the burn but i don't eve think if that will happen. I just believe if justin will keep his coin and do nothing until he needs money and he will be dumping it to the market.

justin said he has no plan with it but it doesn't mean if that token will be burned by him. Keep it for the future needs look become the main choice right now.

[StephenieDuong]

I dont think they will sell all 33 billion TRX unlocked immediately. As we know that TRX can be push to high price easily and they have no reasons to sell their TRX with low price. I think this unlocked token is the preparation for the next bull run, whales know what they doing and they will never missed their big profit.

[Divinespark]

I dont think they will sell all 33 billion TRX unlocked immediately. As we know that TRX can be push to high price easily and they have no reasons to sell their TRX with low price. I think this unlocked token is the preparation for the next bull run, whales know what they doing and they will never missed their big profit.

I think the same way, Justin sun did a lot of work in 2019 to help TRX stay in the top 10 at coinmarketcap, so he won't easily dump everything when things are still at the bottom. Surely there will be a strong growth in 2020 for TRX and maybe we should buy some and wait

[piebeyb]

I think it will be useful if it is sold for better development in the future for TRX, if there really isn't anything important and needed funds for development should lock it back up, it can prevent people from panicking throwing away the worry of a dump, even though they're not sure about a big dump from TRX, I might only buy it cheap if there is a dump at the price of TRX for their development costs, so let's look at it, 33 billion is not a small amount of money especially when many people who know about it worry they will panic

[xZork]

Well, I guess if that number of TRXs hit the market the price will drop significantly.
But I think they will have a specific plan, they certainly understand that this amount of TRX will greatly affect investor confidence in the project. Perhaps they will release it slowly or release it free of charge to TRX holders.

[Bharathi13]

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

Obviously he wont be doing that, Justin sun have good hand in marketing & may be he will use & allocate maximum amount out of this unlocked 33B token for TRON Platform development & there will be some token burn as well out of 33B TRX Token.

[slaman29]

It would be insane from them to dump all at once and for nothing! I think they are more reasonable than that! Tron is doing good with all their DApp's created this year, and why would they ruin the entire system with dumping that huge amount of coins?
Anyway, this is a piece of new information for me, I didn't know about these coins locked after migration. We should monitor the situation and what Justin plans to say after they unlock those coins.

Insane and yet still this is a possibility. When you talk about money, people will do anything. They don't care about sustainability. They don't care about their community and the long term future. They want their millions as soon as possible. If waiting a bit more can get them even more millions, then they'll wait.

[Teraboy]

if he dump with 33B TRX i think TRX will Exit scam and he might raided again. i just have 2 speculation
1. he will burn (maybe not all of it) to increase TRX Price
2. he will lock again but with different value

You can't expect if that will be the next exit scam. i suggest you to take a look at XRP and how much billions worth of ripple that has already dumped to the market and none call it as exit scam.
he will never try to burn such a huge amounts of money. If he will be locking it again and how is it possible to get the different value?

[sureshnsnet]

I am sure the Tron team will have better plans to do after 33 billion unlock Tron coins, I think we have to wait for official news about that from the Tron team maybe they will give after unlocking Tron coin and my suggestion to Tron coins holders do not sell your coins in panic for any unofficial news regarding this.

[Coin_trader]

I am sure the Tron team will have better plans to do after 33 billion unlock Tron coins, I think we have to wait for official news about that from the Tron team maybe they will give after unlocking Tron coin and my suggestion to Tron coins holders do not sell your coins in panic for any unofficial news regarding this.

Justin Sun didn't announce it yet so obviously he has no idea what he will gonna on it besides on giving away it on his twitter to gain more attention. This 33 Billion trx token will result to massive dump even he will not sell it because it will create a psychological effect on all trx holder. Its better to burn if they don't have plan to use it since they already have too much shares on the token.

[oktana]

I am sure the Tron team will have better plans to do after 33 billion unlock Tron coins, I think we have to wait for official news about that from the Tron team maybe they will give after unlocking Tron coin and my suggestion to Tron coins holders do not sell your coins in panic for any unofficial news regarding this.

Justin Sun didn't announce it yet so obviously he has no idea what he will gonna on it besides on giving away it on his twitter to gain more attention. This 33 Billion trx token will result to massive dump even he will not sell it because it will create a psychological effect on all trx holder. Its better to burn if they don't have plan to use it since they already have too much shares on the token.

what they do is stick to transparency and fairness.

Justin Sun always does something extraordinary, I hope he does it again. If it finally burns the token supply again, this coin will surely skyrocket with a very strong market valuation, but currently only limited to speculation of inter-community tensions, no one really knows what will happen to the tron ​​in the next few days.