Reports coming out of Beijing that TRON’s offices have been raided by Chinese police. The exact reasoning for this is yet to be established, however the Crypto community is rife with speculation, accusing Justin Sun’s TRON platform to be a scam.
The following video was posted on Twitter:
— Hayden Otto (@haydenotto_) July 8, 2019
It was also noted by the popular Whale Alert Twitter account that over 675 million TRX tokens were moved to coincide with the police raid:
— Whale Alert (@whale_alert) July 8, 2019
The story, whilst still developing comes somewhat as as surprise, after TRON’s development and use had seen general progress in recent times. This on top of Justin Sun’s well publicised aution win of $4.6m to have lunch with famed investor Warren Buffet. Price saw a small 4%, coinciding with many altcoins today, however should the news develop in a negative manner, investors may want to sell, after TRX’s generally positive performance in the past few weeks.
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