Tron rises on the back of Justin Sun’s announcement of ‘big win for the blockchain community’

Tron [TRX], the eleventh largest cryptocurrency by market cap, soars over 5 percent in the past one hour, soon after Justin Sun, the CEO of Tron Foundation, revealed the news that was a “big win for the blockchain community.” Sun has been teasing the Tron community with the “big reveal” since the last week of May 2019.

Notably, this announcement was with regard to Warren Buffett, the Chairman and CEO of Berkshire Hathaway, who had remarked that Bitcoin [BTC] was a “gambling device” and that there were “a lot of frauds connected with it”, earlier this year.

Sun announced today that he won “the record-setting 20th anniversary charity lunch hosted by billionaire investor Warren Buffett”. Additionally, Sun would also be inviting prominent crypto-leaders to join him for the lunch that would be held in New York City.

He stated on Twitter,

“Looking forward to lunch with @WarrenBuffett. Will be a great opportunity for mutual understanding and knowledge transfer. It’s a new era for #TRON and #BitTorrent, and also a big step for the whole #blockchain history. Let’s see what happens next.”

In a blog post, Sun stated,

“I want to point out, though, that even one of the most successful investors of all times can sometimes miss a coming wave. Buffet has admitted he overpaid for a big investment food giant Kraft Heinz Co., while failing to realize the potential of the like of Amazon.com Inc., Alphabet, the parent of Google and even Apple.”

According to CoinMarketCap, at press time, Tron was trading at $0.0383 with a market cap of over $2 billion. The coin recorded a trading volume of more than $1 billion and has witnessed a significant rise of over 5.02 percent in the past one hour.

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