After revealing his Huobi Token holding, Justin Sun made a second statement on the Tron Heco merger. The creator of Tron said that Heco would now work with the Tron and BitTorrent chain ecosystems.
According to the statement, the Tron Heco merger endeavor was the result of a protracted attempt by the engineers to unite several chains. The team planned to support Heco chain publicly when the BitTorrent Chain testnet went live the previous year.
In this regard, Justin Sun claimed that the ecosystem would pool money to bring together all Heco developers to build on the TRON and BitTorrent chains. Community members responded positively to the Heco takeover news.
Sun revealed on 14 October that he now possesses tens of millions of Huobi Tokens. In addition to claiming to have “tens of millions” of Huobi Tokens, the inventor of Tron said that he intends to promote the latter coin now that he acts as an advisor to its affiliated cryptocurrency exchange.
“I would consider myself one of the largest holders” of Huobi Tokens in the world, Sun said in a Thursday interview with Emily Chang of Bloomberg Television.
In 2013, he began collecting the Huobi cryptocurrency exchange token, he said. Since Sun joined the advisory board of the exchange one week ago, the coin’s value has surged by roughly 80 percent. According to CoinMarketCap, Huobi is one of the top 10 cryptocurrency exchanges globally with a 24-hour volume of over $879.5 million. Sun said that he had not purchased any business shares.
Sun said that, if regulations allowed, he would also focus on developing Huobi globally and maybe bringing it back to China. In other recent news, Sun said that his team has studied the assets of the defunct cryptocurrency lender Celsius Network but has not yet decided on an offer. In the Caribbean island republic of the Commonwealth of Dominica, Tron has recently been recognized as legal tender.