• Justin Sun recently announced his plan to actively trade meme coins and promising cryptos through his public address.
• Investors are eagerly tracking his wallet address as celebrity endorsements, such as Elon Musk and Mark Cuban, can trigger rallies in the meme coin market.
• Copium is the latest meme coin sensation that went 500% up the charts within hours of going live on 18 May 2023.
Justin Sun to Actively Begin Meme Coin Trading
Justin Sun recently announced that he will begin actively trading meme coins and promising cryptos through his public address. His portfolio diversification into emerging meme coins can be seen as part of a wider promotional strategy, with traders eagerly tracking his wallet address to follow suit as the meme coin market is highly sensitive to endorsements from celebrities like Elon Musk and Mark Cuban.
Assets Likely to Make the Tron Founder’s List
The most notable asset on our list is Copium – the latest meme coin sensation that went 500% up the charts within hours of going live on 18 May 2023. The movement driven by humour, FOMO, and camaraderie has made Copium one of the hottest assets at present. Other potential contenders include Pluto Protocol, Dogecoin, Binance Coin (BNB), Ethereum (ETH), Ripple (XRP), Cardano (ADA), Litecoin (LTC) and Bitcoin Cash (BCH).
Promotional Strategy for Meme Coins
Sun had earlier invited meme coin developers to build on the Tron network and benefit from funding support of up to $1 million. His venture into emerging meme coins can be seen as part of a wider promotional strategy for these assets which are highly sensitive to endorsements from celebrities like Elon Musk and Mark Cuban. Any profits made from these trades will be donated entirely to charity by Sun himself who will also bear all potential losses associated with them.
How Can Investors Benefit?
Despite being risky investments due to their high volatility, investors could potentially benefit from following Sun’s footsteps in this space if they manage their risks well enough. However, it is important for investors not get carried away amidst all the hype surrounding these projects and conduct thorough research before making any investment decisions involving such assets or any other crypto-related investments for that matter.
Investors should always keep an eye out for upcoming developments in this space while exercising caution when investing in any crypto-related project or asset class in general due to its high risk profile. With Justin Sun announcing his intention to enter this space actively, investors should make sure they stay informed about all new updates regarding this development along with other news related developments in crypto markets across different platforms regularly so that they do not miss out on any potential investment opportunities arising out of such moves by industry luminaries like him