Warren Buffett’s Crypto Gift from Justin Sun Surges 1,000% in Value by 2024
In 2020. Justin Sun, the founder of the Tron blockchain, made headlines by gifting 1,930,830 TRX tokens to famous American investor Warren Buffett.
At the time, the value of the gift was around $31,086. By 2024 and the value of those same TRX tokens had jumped by 1,000%, reaching an impressive $289,000.
Later, Sun revealed that Buffett held these TRX tokens for 1,688 days, during which time their value increased by over 1,000%, yielding an average daily return of 0.6%.
READ MORE:
Top Asset Manager Withdraws Application for Spot Ethereum ETFSun also noted that had Buffett staked his TRX holdings, the returns could have been even greater, with a potential gain of 1,300% – far exceeding the performance of the rest of his portfolio.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Daily Digest (May 12)｜Substantial Progress in U.S.-China Trade Talks, Altseason Index Hits 90-Day High
Expectations of reconciliation are heating up, the market is strengthening, and Ethereum is leading a broad rise in the altcoin market.
Pi Coin Surges Dramatically, Capturing Market Attention
In Brief Pi Coin rose 34% in 24 hours, reaching $0.98 but challenging $1 resistance. Trading volume and liquidity suggest possible resistance breakthroughs for the altcoin. Upcoming announcements and exchange listings could push Pi Coin to new highs.
Cosmos (ATOM) To Rise Further? Double Bottom Pattern Signaling an Upside Move
Chainlink (LINK) To Rise Further? Key Breakout Signals Potential Upside Move
Trending news
MoreCrypto prices
More
