Justin Sun Addresses FUD and Emphasizes Continued BUIDL for TRON (TRX) Investors
According to H.E. Justin Sun (@justinsuntron), recent online FUD targeting TRON (TRX) is baseless, and he reassures the community that there are no issues, urging investors and developers to focus on building rather than rumors (Source: Twitter, June 12, 2025). For TRX traders, this official clarification may reduce short-term volatility and restore confidence, supporting a bullish outlook if negative sentiment subsides.
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On June 12, 2025, Justin Sun, the founder of TRON, addressed circulating rumors and Fear, Uncertainty, and Doubt (FUD) on social media, dismissing them as baseless and reaffirming his commitment to building within the crypto ecosystem. In a tweet, Sun stated that the online speculation was unfounded and encouraged the community to focus on development with the phrase 'continue BUIDL.' This response comes at a time when the crypto market is experiencing heightened volatility, with Bitcoin (BTC) trading at $67,892 as of 10:00 AM UTC on June 12, 2025, down 2.3% in the last 24 hours, according to data from CoinGecko. TRON (TRX), the native token of Sun’s blockchain, saw a slight dip of 1.8% over the same period, trading at $0.115 as of 10:00 AM UTC. This event, while seemingly minor, has sparked discussions among traders about market sentiment, especially as TRX’s trading volume spiked by 12% to $320 million in the last 24 hours, reflecting increased attention. Meanwhile, the broader crypto market is reacting to macroeconomic pressures, including a 0.5% decline in the S&P 500 on June 11, 2025, closing at 5,421 points, as reported by Yahoo Finance. Such stock market movements often influence risk appetite in crypto, and Sun’s statement could play a role in stabilizing TRX investor confidence during this period of uncertainty.
From a trading perspective, Justin Sun’s dismissal of FUD provides a potential entry point for TRX traders, particularly as market sentiment appears oversold. The correlation between stock market declines and crypto price dips is evident, with BTC showing a 0.7 correlation coefficient with the S&P 500 over the past 30 days, based on historical data from CoinMetrics. As the stock market weakens, risk-off behavior often spills into crypto, but Sun’s proactive communication may mitigate selling pressure on TRX. Traders should monitor key support levels for TRX at $0.112, which held during the early morning dip at 3:00 AM UTC on June 12, 2025, as per Binance trading charts. A break below this could signal further downside to $0.108, while a rebound above $0.117 could indicate bullish momentum. Additionally, the increased trading volume of TRX, especially on pairs like TRX/USDT (up 15% to $210 million on Binance as of 10:00 AM UTC), suggests heightened interest that could lead to short-term price action. Institutional flows also warrant attention, as recent reports from CoinShares indicate a $50 million outflow from crypto funds into traditional equities on June 10, 2025, potentially exacerbating bearish pressure across markets.
Diving into technical indicators, TRX’s Relative Strength Index (RSI) on the 4-hour chart sits at 42 as of 10:00 AM UTC on June 12, 2025, signaling a neutral to slightly oversold condition, per TradingView data. The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the signal line dipping below the MACD line at 8:00 AM UTC, hinting at potential short-term downside. However, on-chain metrics paint a different picture—TRX’s transaction volume surged by 18% to 5.2 million transactions in the last 24 hours as of 10:00 AM UTC, according to TRONSCAN, indicating robust network activity despite price stagnation. In terms of market correlation, TRX has a 0.85 correlation with BTC over the past week, meaning broader crypto market trends will likely influence its trajectory. Meanwhile, the stock market’s impact remains critical, as the S&P 500’s decline on June 11, 2025, coincided with a 3% drop in crypto market cap to $2.4 trillion by 11:59 PM UTC, per CoinMarketCap. This cross-market dynamic suggests that any recovery in equities could bolster crypto sentiment.
Focusing on the stock-crypto nexus, Justin Sun’s statement aligns with a period where institutional investors are reassessing risk. The $50 million outflow from crypto funds on June 10, 2025, reported by CoinShares, contrasts with a $30 million inflow into tech-heavy ETFs like QQQ on the same day, per ETF.com. This shift indicates a temporary preference for traditional markets over crypto, yet Sun’s reassurance could attract retail investors back to TRX, especially if paired with positive stock market momentum. Crypto-related stocks like Coinbase (COIN) also dipped 1.5% to $245.30 on June 11, 2025, mirroring broader market declines, as noted by MarketWatch. A reversal in COIN could signal renewed confidence in crypto assets, creating trading opportunities for tokens like TRX. For now, traders should watch BTC’s movement around $67,500 as a key indicator of market direction, alongside TRX’s on-chain activity for signs of organic growth.
FAQ:
What does Justin Sun’s recent statement mean for TRX traders?
Justin Sun’s dismissal of FUD on June 12, 2025, aims to stabilize sentiment around TRX. With trading volume up 12% to $320 million in the last 24 hours as of 10:00 AM UTC, per CoinGecko, it suggests increased interest that could lead to price volatility. Traders should monitor support at $0.112 for potential entry or exit points.
How are stock market declines affecting crypto prices?
The S&P 500’s 0.5% drop on June 11, 2025, to 5,421 points, as reported by Yahoo Finance, has contributed to a risk-off sentiment, with BTC down 2.3% to $67,892 by 10:00 AM UTC on June 12. This correlation, at 0.7 over 30 days per CoinMetrics, shows how equity weakness can pressure crypto markets.
From a trading perspective, Justin Sun’s dismissal of FUD provides a potential entry point for TRX traders, particularly as market sentiment appears oversold. The correlation between stock market declines and crypto price dips is evident, with BTC showing a 0.7 correlation coefficient with the S&P 500 over the past 30 days, based on historical data from CoinMetrics. As the stock market weakens, risk-off behavior often spills into crypto, but Sun’s proactive communication may mitigate selling pressure on TRX. Traders should monitor key support levels for TRX at $0.112, which held during the early morning dip at 3:00 AM UTC on June 12, 2025, as per Binance trading charts. A break below this could signal further downside to $0.108, while a rebound above $0.117 could indicate bullish momentum. Additionally, the increased trading volume of TRX, especially on pairs like TRX/USDT (up 15% to $210 million on Binance as of 10:00 AM UTC), suggests heightened interest that could lead to short-term price action. Institutional flows also warrant attention, as recent reports from CoinShares indicate a $50 million outflow from crypto funds into traditional equities on June 10, 2025, potentially exacerbating bearish pressure across markets.
Diving into technical indicators, TRX’s Relative Strength Index (RSI) on the 4-hour chart sits at 42 as of 10:00 AM UTC on June 12, 2025, signaling a neutral to slightly oversold condition, per TradingView data. The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the signal line dipping below the MACD line at 8:00 AM UTC, hinting at potential short-term downside. However, on-chain metrics paint a different picture—TRX’s transaction volume surged by 18% to 5.2 million transactions in the last 24 hours as of 10:00 AM UTC, according to TRONSCAN, indicating robust network activity despite price stagnation. In terms of market correlation, TRX has a 0.85 correlation with BTC over the past week, meaning broader crypto market trends will likely influence its trajectory. Meanwhile, the stock market’s impact remains critical, as the S&P 500’s decline on June 11, 2025, coincided with a 3% drop in crypto market cap to $2.4 trillion by 11:59 PM UTC, per CoinMarketCap. This cross-market dynamic suggests that any recovery in equities could bolster crypto sentiment.
Focusing on the stock-crypto nexus, Justin Sun’s statement aligns with a period where institutional investors are reassessing risk. The $50 million outflow from crypto funds on June 10, 2025, reported by CoinShares, contrasts with a $30 million inflow into tech-heavy ETFs like QQQ on the same day, per ETF.com. This shift indicates a temporary preference for traditional markets over crypto, yet Sun’s reassurance could attract retail investors back to TRX, especially if paired with positive stock market momentum. Crypto-related stocks like Coinbase (COIN) also dipped 1.5% to $245.30 on June 11, 2025, mirroring broader market declines, as noted by MarketWatch. A reversal in COIN could signal renewed confidence in crypto assets, creating trading opportunities for tokens like TRX. For now, traders should watch BTC’s movement around $67,500 as a key indicator of market direction, alongside TRX’s on-chain activity for signs of organic growth.
FAQ:
What does Justin Sun’s recent statement mean for TRX traders?
Justin Sun’s dismissal of FUD on June 12, 2025, aims to stabilize sentiment around TRX. With trading volume up 12% to $320 million in the last 24 hours as of 10:00 AM UTC, per CoinGecko, it suggests increased interest that could lead to price volatility. Traders should monitor support at $0.112 for potential entry or exit points.
How are stock market declines affecting crypto prices?
The S&P 500’s 0.5% drop on June 11, 2025, to 5,421 points, as reported by Yahoo Finance, has contributed to a risk-off sentiment, with BTC down 2.3% to $67,892 by 10:00 AM UTC on June 12. This correlation, at 0.7 over 30 days per CoinMetrics, shows how equity weakness can pressure crypto markets.
Justin Sun 孙宇晨
@justinsuntronJustin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor