Emre Yumlu 
The crypto market was shaken this week by claims that Tron founder Justin Sun controls around 64% of the total TRX supply. The figure reportedly comes from an internal team holdings list, sparking debates over whether the Tron network’s decentralization is under threat due to Sun’s massive stake.
Such a large concentration of tokens has raised red flags among market participants, who fear Sun’s influence could give him disproportionate control over Tron’s ecosystem.
Over 60 Billion TRX and a Vast Portfolio Beyond
Reports suggest Sun holds more than 60 billion TRX, representing a dominant portion of the circulating supply. While founder-heavy token allocations are not uncommon in crypto, they often bring higher risks of manipulation and volatility.
On-chain data further shows that Sun’s portfolio extends far beyond TRX. His holdings are said to include approximately 17,000 BTC, 224,000 ETH, and $700 million in USDT, underlining his significant clout within the digital asset industry.
Market Timing and Investor Reaction
The revelations come at a time when Tron has been expanding rapidly, particularly in its dominance over USDT transfers. For some investors, Sun’s immense control poses potential risks for price volatility, especially during downturns.
Short term, analysts warn that the concentration of holdings may trigger selling pressure on TRX, as traders flag the situation as a possible manipulation risk.
A Broader Perspective on Founder Influence
Not all analysts view Sun’s holdings solely as a threat. Some argue that a strong founder stake could help stabilize the ecosystem and support Tron’s ongoing growth in DeFi and stablecoin adoption. If managed strategically, this concentration might even serve as a foundation for further expansion.
The situation also mirrors trends across the broader crypto industry. Similar debates have surrounded BNB and Binance’s CZ, where founder influence plays a major role. Regulatory bodies may use cases like Tron to push for stronger governance frameworks and transparency across blockchain projects.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.