Tron Founder Boasts Having Over 100,000 Bitcoin On Twitter

• TRON blockchain founder Justin Sun drums beats of support for the Bitcoin project. Hence, he said he has some massive amounts of Bitcoin in his possession. 
• Apparently, Justin Sun has more than 100,000 Bitcoin. He made this statement after his total DAI deposit into DSR exceeded $170 million. 

Tron founder Justin Sun is one of the most prominent players and founders in the crypto industry. He consistently builds and improves his products and shares his thoughts about crypto. Recently, he made a comment which caught the attention of the crypto industry. Justin says he holds more than 100,000 Bitcoin, which is quite huge. 

Tron Founder Justin Sun Says He Has Over 100,000 Bitcoin 

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• Justin’s comments about having more than 100,000 Bitcoins came through an argument/clarification on Twitter (now X). Apparently, a Twitter user posted on the platform, sharing insights into 2022 highlights. Among some of the things he said was about Tron’s blockspace worth. A Twitter user named Hasu said Tron blockspace has more value than Bitcoin in 2022. 
• This led the Tron founder to boast about this invention. He said he advocates the Bitcoin ecosystem but was happy to see Tron growing to new heights. This is where he said he had more than 100,000 Bitcoin in his possession. Convert to the current Bitcoin price, that’s more than $2.9 billion in his possession. 
• But there’s a catch here. Justin Sun also let the cat out of the bag while making this statement. He gave a cue about his next plans for the Tron network. Sun said the network will grow into a stablecoin ecosystem. 
• Furthermore, Justin Sun said it will act as a support blockchain for Bitcoin’s growth in the future. He pointed out emerging signs of this prediction. The increase in Tron/USDT trading for BTC is a huge indication. 

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I'm a advocate of Bitcoin, currently maintaining a substantial holding of 100k+ BTC. Nonetheless, it's exciting to witness TRON's emergence as a stablecoin network, potentially impacting BTC's value positively. A notable trend is the prevalent use of USDT TRON for BTC trading.

— H.E. Justin Sun 孙宇晨 (@justinsuntron) August 13, 2023

Justin Sun’s DAI Deposits Exceed $170 Million 

• Before the Tron founder made his recent comments about his Bitcoin holdings, he broke some records with his crypto investments. Apparently, Justin Sun’s DAI deposits got a lot of interest from the crypto community. 
• The founder added an additional 50 million $DAI into DSR. This raises the total number of deposits he made to new levels. Furthermore, the two addresses belonging to Sun have more than $400 million, created explicitly to mint DAI and deposit in DSR. 
• Making deposits like this makes Justin Sun a significant part of the DAI ecosystem. In fact, the Tron founder contributes to more than 15% of the TVL in the DAI ecosystem. Note that this market share was when DAI’s TVL was at $1.1 billion. 
• Apparently, the current minting Sun made on DAI is currently at more than $170 million. Hence, the 15% contribution to the total DAI TVL. 

Conclusion 

Tron Founder Justin Sun made some daring statements about the state of his Bitcoin investment. Apparently, the Tron ecosystem creator said he has more than 100,000 Bitcoin in his holdings. This is quite huge, considering the worth in fiat is more than $2.9 billion. Note Justin Sun didn’t provide evidence for this claim.