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

[target]

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.

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

[1714954958]

1714954958

[1714954958]

1714954958

[1714954958]

1714954958

[Mallyx]

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.

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

[target]

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.

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

Well know see if it happens.  An investors can always buy back if the team will burn this 33B TRX, they may be able to accumulate TRX after buying back because the price will still dip. Lucky are the ones who dumped last few weeks, few more days later it may not just be 180satoshis but just 80sats. This is cheap enough to double your bag if you truly see this coin going to go up.

[bitkanu]

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.

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

At least that will be traceable and everyone can see where it will be going on in the future. if that scenario happens and so many people will be tracking it to know where the money will be going on.
If he lies with us and the reputation of tron will be destroyed instantly.

[Script3d]

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.

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

Well know see if it happens.  An investors can always buy back if the team will burn this 33B TRX, they may be able to accumulate TRX after buying back because the price will still dip. Lucky are the ones who dumped last few weeks, few more days later it may not just be 180satoshis but just 80sats. This is cheap enough to double your bag if you truly see this coin going to go up.

We know that this move is gonna scare some investors, they'll probably gonna sell their holding and never come back and while the smart ones are gonna take advantage of the dump and buy more holdings for the upcoming possible bullrun. Man i wish i had some money here if the dump is actually gonna happen i will probably buy alot of coins for myself.

[X-ray]

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

it's just a matter of time until they dump it although the might set some delay so that the market won't crumble but as you said the point of unlocking these massive amount of TRX is for sole purpose of dumping, if people think they won't they need to learn that it's real world where evereyone need money even though it might be for another purpose than accumulating wealth for themselves.

[ATSgrowth]

Maybe it is fake news or a another Justin´s marketing how to bring attention to Tron? I wouldn´t be surprised.
But we finally see what is bad on altcoins when team holds a big amount of tokens. Stop buying premined coins. 

[Coin-1]

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.

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

If the TRON Foundation wanted to burn these coins, they would destroy 33 billion TRX as soon as possible, that is, immediately after TRON migrated from the Ethereum blockchain to its new mainnet. Perhaps they sought to encourage holders to exchange ERC20 tokens for TRX coins and raise investor expectations.

Alternatively, Justin Sun has not yet made any announcement in order to see how the crypto community will respond to this event. The current TRON price is $0.013, so 33B TRX cost about $450 million. According to CoinMarketCap, the total capitalization of this cryptocurrency is $900 million, so the unlocked amount of TRX coins is really huge.

I think the TRON Foundation should again lock these 33B TRX (or some part of these coins) and thus reassure TRON holders and investors.

[tabas]

I'm not a TRX holder and never liked this coin just because it's pretty obvious that all the marketing stunt he does is for publicity and to gather attention from investors. But I acknowledge his achievements and successes how he delivered those marketing and announcements he did and bought huge names like bittorrent. There is a possibility like what you all are thinking about dumping. They are developers and they have to make money out of their creation just like what Vitalik did.

[disconnectme]

It would be foolish on the part of Tron developers to try to sell the tokens or even move it to exchange, remember the  tokens are already stained and people are monitoring it. I for one believe it is time these developers start burning these huge tokens they are sitting on just to return the investors interest, but something is telling me Tron could turn out to be Ripple 2.0

[Ezravdb]

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.

You are right, One of TRX holders' concerns about unlocking TRX 33 billion in early 2020. Of course there will be panic, as in another thread ethereum CEO ETH sell in large quantities which was revealed recently, of course if this happened to Justin Sun, the TRX price would be lower than the current price. I guess we have to get out before this happens.

[luppecuppe]

Justin Sun is a good investor. I don't think you'd do anything like that. The TRX price has already fallen. There are also many claims about Justin. I think he could do something different to raise the price.

[Mallyx]

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.

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

If the TRON Foundation wanted to burn these coins, they would destroy 33 billion TRX as soon as possible, that is, immediately after TRON migrated from the Ethereum blockchain to its new mainnet. Perhaps they sought to encourage holders to exchange ERC20 tokens for TRX coins and raise investor expectations.

Alternatively, Justin Sun has not yet made any announcement in order to see how the crypto community will respond to this event. The current TRON price is $0.013, so 33B TRX cost about $450 million. According to CoinMarketCap, the total capitalization of this cryptocurrency is $900 million, so the unlocked amount of TRX coins is really huge.

I think the TRON Foundation should again lock these 33B TRX (or some part of these coins) and thus reassure TRON holders and investors.

Yup, the sum is too big.
Let see if they are greedy or not.

[adjed]

Justin would likely burn some portion of it and he would make sure he makes an announcement of an announcement of the burn, I don't think selling it right now is an option for them since too many eyes are on that 33 billion tokens and if he dumps such huge amount, those still left supporting the project would lose faith in it.

Who remembers Justin Sun's prediction about Tron being top 4 on CMC before the end of the year? Well we are in the last day of the year and people are trolling him on Twitter, below is an example

[Ahimoth]

Justin Sun is a good investor. I don't think you'd do anything like that. The TRX price has already fallen. There are also many claims about Justin. I think he could do something different to raise the price.

Justin Sun doesn't want tron to fall that worst, and this is just a FUD for tron holders to influence any possible panic. This man is the creator of tron, and he won't allow this situation to fall at hopeless situation. Don't let this bad thoughts gather negative impact on us, much better if we can handle more stressful times but not on uncertain and non sense opinions.

[justdimin]

First of all I didn't know Justin Sun had half of all Trons in the world, right now there is about 66 billion trons available and if he owns 33 billion of that, it means tron is faaaar faaar less decentralized than I assumed, dude could do whatever he wants to price of tron with that type of wealth.

However assuming it is true, if he actually goes up and sells 33 billion of it, he would crash the price which we all know but how much he would crush is not clear. Right now the whole volume is around 1 billion, and that is 500 bought and 500 sold, if he sells 33 billion that would first be faced with regular prices which he would make the most profit from but then it would go down as little as 10 satoshis and even lower, in which case Tron is as good as dead.

[Anonylz]

snip

snip

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

I don't see share your view, because nobody will be willing to buy more trx knowing fully well that 33b more will be injected in the current circulation, am afraid this is not the type of announcement that makes people fomo to buy more rather i think this will have a huge impact on price, justin sun should know better than dump such a huge amount, am sure this is fake news.

[Mallyx]

snip

snip

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

I don't see share your view, because nobody will be willing to buy more trx knowing fully well that 33b more will be injected in the current circulation, am afraid this is not the type of announcement that makes people fomo to buy more rather i think this will have a huge impact on price, justin sun should know better than dump such a huge amount, am sure this is fake news.

Well, that's mostly a joke, they don't need to do that. But burning still can be a plan.

[romanij]

33 million TRX coins is a huge amount. Most likely, JS has some grand plans. If this is the usual unlocking of coins, then this project is waiting for a very strong fall. TRON will lose a large number of investors and people will stop believing in it. Very sorry....JS started everything very nice and promising. But I'm not worried because I haven't invested in TRON.

[btc_angela]

What do you expect from Justin? He is really a shill god in a sense. So perhaps he really has some grand scheme behind saying that he will dum 33 billion TRX, which didn't happened.

Maybe he is just hyping TRX, but then again we are still in the bear market, so I doubt that people are going to bite on it. Better wait till everything settles down a bit.