Taking advantage of his newfound fame as a prominent Sun Pump advocate, Justin Sun emphasized that crypto holding is "the only way to win."

Justin Sun has revealed that Warren Buffett's Tron holdings have appreciated by 1000%. The investor's crypto wallet, which holds nearly 1.9 million TRX, has become a case study in blockchain growth and profitability.

Highlighting that crypto holding is "the only way to win," Sun noted that Buffett could have earned 1300% more by staking the TRX coin. According to a Tronscan link attached to Sun's post, Buffett currently owns about 1.9 million TRX, valued at $284,146.72.

A glance at his wallet shows that he holds a diverse range of digital currencies, including USDT, a stablecoin pegged to the US dollar. Warren Buffett is interested in Bitcoin and crypto. But it was in 2020 when he got down to discussing the subject over a dinner meeting with Justin Sun.

The dinner was held at a private country club in Omaha, Nebraska, the home city of Berkshire Hathaway on January 23, 2020. Several other prominent crypto personalities attended the gathering, along with Justin Sun.

Charlie Lee, the creator of Litecoin, Yoni Assia, the CEO of eToro, Chris Lee, the former CFO of Huobi, and Helen Hai, the chairman of the Binance Charity Foundation were among them. While Sun didn't elaborate on the message, he did urge his followers to "follow Mr. Buffett's advice and direction to help TRON's ecosystem, work with all the partners in the blockchain space and beyond."

Though the message was cryptic, the fact that Warren Buffett held on to the Tron that Sun gave him speaks volumes.

For an investor, a price appreciation of 1000% over 1688 days marks a significant profit margin. According to Coingape, holding Tron has paid off handsomely, despite the unconfirmed nature of Warren Buffett's control over the wallet.

TRX has been enduring a steep decline this month, as per a recent Tron price analysis. It was trading at $0.1476, up 1.46% at the time of writing.

This bearish momentum, which has persisted for over a week now, could present a clear window of opportunity for traders to cash in on the downturn.

The above is the detailed content of Warren Buffett's Tron holdings have appreciated by 1000%, according to Justin Sun. The investor's crypto wallet, holding nearly 1.9 million TRX, has become a case study in blockchain growth and profit. For more information, please follow other related articles on the PHP Chinese website!