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Is Justin Sun the new Savior for FTX?

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Written by   16
2 months ago

Hey Peeps!

Simply put, the last few days have been absolutely dreadful. 

FTX is collapsing and there doesn't seem to be an end in sight to the bad news for the crypto world.

However, a ray of hope has appeared today in the form of Justin Sun, the founder of Tron (TRX). 

 

Justin Sun tweeted out in the early morning (at least early here in the USA) that he was working with FTX to "return to normalcy".

This tweet came moments after he announced that trading of Tron (TRX) has been resumed on the FTX exchange. 

 

A couple hours later Justin Sun referenced Noah's Ark, the famous Bible story where Noah built an Ark to survive a world-ending flood. 

 

Fast forward a few more hours and FTX announced that an agreement was made with Tron to allow holders of TRX, BTT, JST, SUN, and HT to withdraw their assets from FTX completely 1:1. 

This is huge news for Tron (TRX) holders and a small sigh of relief for the crypto community as a whole. 

However, this is nothing else but a small step in the right direction.

 

FTX also announced that Tron deposits will not be disabled for all users, and going forward will provide a weekly update on future injections of outside capital. 

Fingers crossed that we see some more of the crypto community coming to support FTX, as long as it is for the good of everyone involved and not a short-sighted move.

 

On the back of this news, Tron (TRX) has seen a decent pump of 5% in the last 24 hours.

 

How are you feeling about the so-called Crypto Apocalypse?

Are you optimistic or down in the dumps?

Sound off in the comment section!

 

See ya! 

:)

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Written by   16
2 months ago
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Comments

I am not worried about this hump in the road. When things are created there needs to be a time when the weeds get taken out so the flowers can grow if that makes sense.

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