- Justin Sun pledges all meme coin profits on Tron will go to charity, covering losses himself.
- Tron offers six-month fee waivers and energy subsidies for meme coin traders on its network.
- Sun stakes $100M in ETH, boosting Ethereum trading volume by 20% on major exchanges.
Justin Sun, a key figure in the crypto world, has once again drawn attention with a bold pledge. He reaffirmed his commitment to the Tron community on Tuesday. He stated he will not personally profit from meme coin activities on Tron. Any losses will come from his personal funds and all profits will be donated to charity. Sun initially made a similar pledge in 2023 when he began trading meme coins.
Sun also promoted a new initiative for meme traders on the Tron blockchain. He announced that meme coin traders will enjoy waived handling fees for six months. Additionally, Sun revealed that the energy costs for these transactions will be fully subsidized by Tron. He encouraged users to join and trade, stating there is no upper limit on the subsidies.
The announcement comes as the broader meme coin market gains momentum. Meme coins have been trending despite volatility and market challenges. Traders are actively participating across different blockchains, and platforms are introducing offers to attract more users.
This brief comes amidst the recent exploitation of Four.Meme, a meme coin launch platform. The platform’s smart contract flaw allowed an attacker to bypass transfer restrictions. The exploit enabled the attacker to insert liquidity into PancakeSwap before token launches. This vulnerability sidestepped the platform’s “MODE_TRANSFER_RESTRICTED” configuration.
Despite the exploit, Four.Meme tokens showed resilience in the market. Six tokens launched via the platform reached market caps of over $1 million each in the past 24 hours. Traders continued to engage with these tokens, pushing valuations higher despite the security incident.
Related: BNB Chain Overtakes Solana as Memecoin Trading Volume Soars
In other news, Justin Sun made headlines with a large Ethereum stake. He staked $100 million worth of ETH on Tuesday. This stake is projected to yield around $3 million annually in passive income. Following the announcement, trading volume on major exchanges spiked. ETH volume on Binance and Coinbase rose by 20% to 1.5 million ETH within an hour.
Sun’s recent activities highlight his growing influence in both the Tron and broader crypto ecosystems. His announcements have coincided with increased trading activity and attention across digital asset markets. As meme coins thrive and market dynamics shift, Sun’s strategies could influence broader trends in the months ahead. The crypto market now watches closely to see how these bold moves will impact liquidity, innovation, and investor participation.
