Justin Sun, the founder of TRON and head of the exchange HTX, recently stated in a post that TRON will not be affected by the current frenzy around NFTs. However, it seems that the community is not concerned about whether TRON can withstand the pressure from NFTs, but rather they are worried about Sun’s entry into the NFT market.
In the past month, the popularity of Bitcoin has sparked a craze for NFTs among major public chains. However, due to the large number of participants, this “stress test” has caused significant network pressure, resulting in many public chains experiencing network paralysis.
However, just yesterday, Justin Sun took to the social media platform X (formerly Twitter) to declare that TRON will not be crushed by the NFT trend. Nevertheless, the community seems to be less concerned about TRON’s ability to handle the trend and more worried about Sun’s venture into the NFT market. There have even been comments such as “Sun will cause the collapse of NFTs” and “Sun, please spare the NFT market.”
The reason for this concern within the community is due to several instances in the history of the cryptocurrency industry where “Justin Sun caused the collapse of various projects.” The community has jokingly referred to him as a “black candle in the cryptocurrency industry” and given him the nickname “Sun Cutter.”
Here are some well-known instances that the community often mentions:
– In 2017, when ICOs were prevalent in the cryptocurrency industry, TRON announced its plan to conduct an ICO. However, just a month later, the famous “94 incident” occurred, resulting in a comprehensive crackdown on ICOs in mainland China.
– In 2018, Justin Sun attempted an Initial Exchange Offering (IEO), but a month later, the entire IEO sector experienced a sharp decline.
– In 2020, Justin Sun entered the blockchain finance sector, and on the day of its launch, the DeFi sector suffered a major collapse.
– In 2021, the day after the pre-sale of a blockchain game called “Racing on the Chain,” a platform called “Farmers’ World” collapsed, causing a collective drop in the blockchain gaming sector.
– In 2022, after acquiring the exchange HTX, the US exchange FTX closed down just ten days later.
– In February 2023, when Justin Sun ventured into artificial intelligence (AI), the AI sector experienced a significant decline.
It is clear that the community’s jokes about Justin Sun are not unfounded. However, it is important to note that these are merely coincidences and superstitious speculations from internet users. They cannot serve as objective criteria for investment decisions, and no one can be certain whether history will repeat itself or if the “black candle” will cause another collapse in the NFT market.