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