• 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.
• Traders are eagerly tracking his wallet address to follow suit as the endorsement from celebrities like Elon Musk and Mark Cuban can trigger multifold rallies for the assets.
Justin Sun Set to Actively Trade Meme Coins
Justin Sun, the founder of Tron Foundation, recently announced that he will begin actively trading meme coins and other promising crypto projects through his public address. This move is part of the new wave of meme coin mania pumped by Pepe and SpongeBob Token.
Sun Invites Meme Coin Developers to Build on Tron Network
Prior to this, Justin Sun had invited meme coin developers to build on the Tron network and benefit from funding support of up to $1 million. With this foray into emerging meme coins, traders are eagerly tracking his wallet address so they can take advantage of any potential rallies caused by celebrity endorsements such as those from Elon Musk or Mark Cuban.
Which Assets Are Likely To Make Justin’s List?
One asset at the top of everyone’s list is Copium – a new meme cryptocurrency that went 500% up within hours since it was launched on 18 May 2023. The momentum has been gaining more strength as investors flock Uniswap in anticipation of an upcoming explosion. The driving force behind Copium’s popularity is its unique theme which revolves around “coping” with missed opportunities due to events such as influencer exit liquidity or Ponzi schemes leaving bags worthless while others walk away with wealth.
Other Potential Meme Coins
Apart from Copium, there are other potential candidates which may make their way onto Justin Sun’s list such as Dogecoin (DOGE), Shiba Inu (SHIB), Akita Inu (AKITA) or even MoonCoin (MOON). These assets have gained traction in recent months due to their humorous nature and growing FOMO among investors who want to capitalize on their momentum before it runs out.
As one of the most revered figures in the crypto market, Justin Sun’s backing could potentially trigger major rallies for any asset that makes its way onto his list. While only time will tell which projects make their way into Sun’s pockets, investors should tread carefully when investing in these highly volatile markets as gains can quickly turn into losses if not managed properly.