Crypto Analyst Mocks Justin Sun Over Falling Price of TRON

Acclaimed crypto analyst, with the identity ‘il Capo of Crypto’ has made a jest of Justin Sun, TRON founder, over the recent struggles of the cryptocurrency. il Capo tweeted an edited video with Sun describing TRON as a shitcoin. The video was attached to an old tweet where he predicted a drop for TRON.

In the original tweet of November 10, 2022, il Capo attached a screenshot of his chart analysis. He predicted a downward breakout from the descending triangle in the chart. It took less than four days for the prediction to be fulfilled. As a result, TRON dropped to $0.05, its lowest price since July 2021.

Yesterday, @justinsuntron followed me. I have some bad news for you Justin. I say things as I see them. And what I see now for $TRX is an incoming big drop.

Also this news: https://t.co/3U9QjS5odN

So you might want to unfollow me again. pic.twitter.com/aYNJz0hHVo

— il Capo Of Crypto (@CryptoCapo_) November 10, 2022

TRON price continued sideways, with little signs of recovery as the year ended. Less than one week into the new year, the support appears to have given way again. TRON’s price has embarked on another sharp fall, leading to the latest jab by il Capo. Attached to the edited video in his tweet is the text “I’m shorting your shitcoin @justinsuntron”.

The latest challenges of TRON link with Huobi’s struggles, the crypto exchange where Sun is an adviser. Huobi has struggled since it removed Chinese users from its platform. Huobi plans to lay off another 20% of its staff in a new attempt to cut costs. Reportedly, Huobi wants to maintain a very lean team.

Sun took to Twitter to reassure Huobi users of the stability of the exchange. He attributed the dropping market prices to FUD (Fear, Uncertainty, and Doubt). Sun told users that Huobi’s strategy is to ignore the FUD and keep building. He noted that the exchange is staying true to its mission and promised to provide a trusted and reliable platform for them.

In conclusion, at Huobi, our strategy is to «Ignore FUD and Keep Building.» By staying true to our mission, investing in technology and security, listening to our users, we’re able to provide a trusted and reliable platform for our users to buy, sell, and trade cryptocurrency.

— H.E. Justin Sun?????? (@justinsuntron) January 6, 2023

Other priorities for Huobi mentioned by Sun include investing in technology and security and listening to its users.

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