Tron (TRX) range bound but up 4.5 percent
Justin Sun could invest in BitFinex IEO
The integrity of any blockchain team lead them to success or failure. Therefore, the decision of Tron’s co-founder Justin Sun to contemplate investing in an IEO of a trusted exchange headed by a questionable team should under ordinary circumstances raise red flags. At spot rates, Tron (TRX) is up 4.5 percent from last week’s close, and bulls are aiming at 4 cents.
Tron Price Analysis
BitFinex is under siege. Apart from the mess around Tether (USDT) several sources referring to a billionaire’s comment said the exchange, after everything plans to crowd fund through an Initial Exchange Offering.
According to @zhaodong1982 there’s a high possibility that @bitfinex is going to do an IEO, and some big whales already reserved $300m of the allocations in #USDT pic.twitter.com/oXfbrGk2Cg