Justin Sun, founder of TRON, recently shared on X a surprising win in the crypto space involving American billionaire Warren Buffett. According to Sun, Buffett held TRON (TRX) for over four years, during which the asset’s value surged by 1000%, delivering a daily return of 0.6%. This impressive gain made Buffett’s original investment more than 10 times larger.
Justin Sun’s Connection with Warren Buffett
Sun, a well-known advocate for TRON and blockchain technology, used this opportunity to emphasize the long-term benefits of holding crypto, claiming that staking TRX could have resulted in even higher returns—up to 1300%. A Tronscan link shared by Sun shows Buffett’s wallet holding approximately 1.9 million TRX, worth around $284,146, alongside USDT.
Buffett, despite his historically critical stance on Bitcoin and crypto, dined with Sun and several other prominent figures in the crypto space in 2020. The private dinner took place in Omaha, Nebraska, where Buffett and Sun discussed crypto. Though Buffett has been publicly skeptical of Bitcoin, the fact that he continued to hold TRON speaks volumes.
Why TRON Remains Attractive
TRON’s 1000% growth over 1688 days demonstrates its potential for long-term gains. While it is unclear if Buffett directly manages the wallet, the profits from HODLing TRON are evident. Recently, TRON has faced some market challenges, with its price hovering at $0.1476 and down by 1.46%.
However, Justin Sun’s focus on memecoins and token burns, including platforms like Sun Dog, could provide new opportunities for investors looking to replicate the gains made by Buffett. Sun’s strategic moves, including the allocation of 100% of SUN revenue to token burns, suggest that TRON may be poised for further growth in the blockchain space.