Justin Sun Announces $1 Billion Crypto Fund To ‘Combat FUD’ After Liquidation Rumors

Quick Summary:

Amid the crypto market slump, rumors emerged that Tron founder Justin Sun’s positions had been liquidated.

Sun denied the rumors and criticized the community’s FUD (fear, uncertainty, and doubt), pledging to create a fund to help the industry.

As reports of the massive liquidations surged, the community speculated about the entities that faced some of the $372 million Ethereum (ETH) liquidations.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: Hungary

Topics: Crypto market crash Crypto Market Tron founder Bitcoin Btc Uncategorized Tron Foundation ETHUSDT Ethereum ETH Justin Sun Crypto liquidations Tron Ethereum Liquidations

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 01:00:11 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 510 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21947382

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About Bitcoinist

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Official Website: bitcoinist.com

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News Last Updated: 12 hours ago

Coverage Areas: Hungary

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