The report alleges that Sun controls around 64% of the circulating TRX supply, based on an asset list his team shared with Bloomberg. Sun, however, denies the claims, arguing that wallets not belonging to him within the Tron ecosystem were mistakenly attributed to him.

TRON’s Rise and Global Adoption

Under Justin Sun’s leadership, the TRON network has grown rapidly, becoming a leading global payment system. Especially through dollar-backed stablecoins, it:

• Provides fast, cheap, and anonymous cross-border transfers.
• Reaches a monthly transaction volume of $600 billion.

This figure is more than four times PayPal’s volume. Moreover, with support from certain allies in Washington, regulatory changes are being discussed that could allow TRON to expand further in the U.S. Even the Trump family has reportedly used TRON infrastructure in their own stablecoin projects.

A Controversial Network: Money Laundering and Crime Allegations

TRON’s rapid rise has also brought controversy. Experts claim the network is often used for money laundering and illicit activities, allegedly by:

• Terrorist groups,
• Russian actors seeking to bypass sanctions,
• Chinese crime syndicates.

Sun rejects these accusations, insisting that TRON’s decentralized nature makes him not directly responsible. He also says he supports authorities in efforts to block illegal activity.

Wealth and Legal Proceedings

The Bloomberg Billionaires Index report published in August further fueled the debate. According to the index:

• Justin Sun holds around 60 billion TRX.
• His net worth is estimated at $12.5 billion.

Following the report, Sun filed a lawsuit against Bloomberg in federal court in Delaware. His lawyers argued that ecosystem wallets were wrongly presented as his personal holdings. However, court filings reveal that Sun’s legal team refused to specify which wallets did not belong to him.

On September 22, Sun’s request for a preliminary injunction to block the story was denied. The case remains ongoing.

Assessment

The allegations surrounding Justin Sun once again highlight both the global rise and the controversial nature of the TRON network. Whether Sun truly controls the majority of TRON’s supply remains unclear, but the outcome of the ongoing lawsuit will be closely watched by the crypto market.

 In the comment section, you can freely share your comments and  opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post Crypto Investors Beware: Most of This Altcoin’s Supply May Belong to a Single Person! appeared first on Coin Engineer.

This development is seen as a strong reflection of TRON’s steady growth and widespread adoption over recent years. Thanks to its low transaction fees, users and investors increasingly prefer TRON for USDT transactions, positioning the network as a strong alternative to giants like Ethereum in the realm of stablecoin transfers.

Currently, Ethereum holds the lead with around $75 billion worth of USDT, but TRON is rapidly closing the gap. With just a few billion dollars of difference remaining, some analysts suggest that TRON could surpass Ethereum in the coming months.

Reaching this record level further solidifies TRON’s position in the DeFi ecosystem. It also signals a significant achievement in terms of the network’s ability to attract liquidity and instill investor confidence.

According to analyst Darkfost, these developments highlight not only TRON’s technical advantages but also its increasing appeal to a global user base.

TRON Price Faces Weak Demand Despite Bullish Momentum

On the technical side, TRON (TRX) has maintained a bullish structure in recent weeks, but weak demand has prevented the price from gaining upward momentum. The $0.248 level has stood as a critical resistance for the past three weeks. If bulls manage to flip this level into support, a 10% rally could be triggered. However, current market data suggests this outcome is still uncertain.

According to the Fibonacci retracement levels, the $0.222 level acts as both a strong support zone and the lower boundary of the range within which TRX has traded throughout 2025. Although the price is currently above this point, increased selling pressure could push it back down.

A downward trend in the OBV (On-Balance Volume) indicator highlights the decline in buying power. Since mid-April, sellers have remained dominant in the TRX market, as shown by decreasing trading volumes and weakening momentum.

The liquidation map also raises red flags. High leveraged positions are concentrated in the $0.236–$0.238 range, while the $0.256–$0.258 zone remains a key short-term resistance. Analysts interpret this as a sign that TRON’s price may be heading toward a southbound correction.

Therefore, traders should also monitor Bitcoin’s (BTC) price movements. If BTC continues its downward trend, TRON may test the $0.236 level — a zone that could offer short-term buying opportunities, albeit with high risk.

The post New Record on TRON Network: USDT Supply Surpasses $71 Billion! appeared first on Coin Engineer.

Cross-Chain Trading Made Easier: APT and TRX on Solana

The inclusion of APT and TRX into the Solana ecosystem allows users to trade assets across different chains without the need for complex bridging mechanisms. Traditionally, cross-chain trading has been hindered by high fees, slow transaction speeds, and security risks. With APT and TRX now natively available on Solana, traders can enjoy a more efficient and seamless trading experience.

Solana: A Fast and Cost-Effective Blockchain

Solana, with its unparalleled transaction speed and low-cost structure, has become a preferred blockchain for DeFi and high-frequency trading. The integration of APT and TRX marks an important step toward a multi-chain future, where investors can trade seamlessly across different ecosystems.

How the Integration Works

The trading of APT and TRX on Solana is made possible through advanced cross-chain bridging solutions. These solutions allow users to “wrap” these assets and trade them directly within the Solana ecosystem. As a result, investors can access deep liquidity pools on Solana-based decentralized exchanges (DEXs) without needing to exit the chain or pay excessive bridging fees.

Key Benefits of the Integration:

• Faster Transactions: Solana’s high throughput ensures nearly instant trade settlements, minimizing delays in trading operations.
• Lower Costs: Transaction fees on Solana remain significantly lower than those on Ethereum and other major chains, offering a cost-effective solution for both retail and institutional investors.
• Increased Liquidity: The addition of APT and TRX boosts liquidity across Solana’s DeFi platforms, improving price efficiency and reducing slippage.

New Opportunities for Traders and Liquidity Providers

The addition of APT and TRX on Solana creates new opportunities for traders and liquidity providers. New trading pairs, deeper liquidity pools, and cross-ecosystem arbitrage will drive greater activity within Solana’s DeFi space.

Multi-Chain Strategies for Professional Traders

Professional traders can leverage multi-chain strategies to capitalize on price movements between Aptos, TRON, and Solana. Liquidity providers will benefit from increased trading volumes, enhancing the efficiency of Solana’s decentralized exchanges.

The Future of Solana: More Chains, More Assets

As more blockchains integrate with Solana, a truly interconnected DeFi ecosystem is becoming a reality. The inclusion of APT and TRX is just the beginning, with more assets expected to become tradable on Solana in the near future.

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.

The post APT and TRX Now Trading on Solana! appeared first on Coin Engineer.

Daily Analysis

Bitcoin (BTC): The BTC/USDT pair has dropped by 3.93% in the last 24 hours and is currently trading at $61,491. Key support levels are found at $57,453 and $52,645, while resistance is seen at $64,263 and $66,540.

Ethereum (ETH): The ETH/USDT pair has decreased by 5.85% in the last 24 hours and is currently trading at $2,486. Key support levels for ETH are $2,249 and $2,151, while resistance levels are $2,708 and $2,824.

Tron (TRX): TRX/USDT has decreased by 1.50% in the last 24 hours and is currently trading at $0.1542. Tron’s support levels are $0.1494 and $0.1462, with resistance at $0.1550 and $0.1616.

Solana (SOL): The SOL/USDT pair has decreased by 5.72% in the last 24 hours, currently trading at $146.67. Key support levels are $141.13 and $126.98, while resistance is seen at $152.69 and $162.48.

Litecoin (LTC): LTC/USDT has dropped by 6% in the last 24 hours and is currently trading at $63.99. Support levels are found at $62.13 and $59.31, with resistance levels at $71.47 and $77.10.

Upcoming Events

Liquidation Heatmap

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.

The information in this article does not provide any investment advice.

The post Latest on Bitcoin and Cryptocurrencies – 2 October appeared first on Coin Engineer.

Daily Analysis

Bitcoin (BTC): The BTC/USDT pair has dropped by 1.81% in the last 24 hours, currently trading at $62,896. The first resistance level is $64,007, followed by $65,092. On the downside, support is seen at $59,304, with the next level at $57,495.

Ethereum (ETH): The ETH/USDT pair has seen a slight drop of 0.03%, now trading at $2,545. Resistance is first at $2,598 and then $2,793. Support lies at $2,277, followed by $2,152.

Tron (TRX): The TRX/USDT pair has dropped by 0.59%, with the current price at $0.1517. Resistance levels are $0.1544 and $0.1698, while support can be found at $0.1491 and $0.1333.

Litecoin (LTC): The LTC/USDT pair has declined by 1.58% over the last day, now trading at $65.17. The first resistance is at $66.80, followed by $77.02, while support is at $62.56, and below that, $50.05.

Toncoin (TON): TON/USDT has seen a significant drop of 4.78%, trading at $5.48. Resistance levels are $5.894 and $7.110, while support is located at $5.165 and $4.437.

Events of the Day

Liquidation Heatmap

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.

The information in this article does not provide any investment advice.

The post Latest on Bitcoin and Cryptocurrencies – 21 September appeared first on Coin Engineer.

Daily Analysis

Bitcoin (BTC): The BTC/USDT pair has decreased by 3.98% in the last 24 hours and is currently trading at $54,106. The first resistance level for BTC is $56,700, followed by $61,920. On the downside, support levels are at $53,900 and $50,572.

Ethereum (ETH): The ETH/USDT pair has dropped by 4.88% in the last 24 hours and is currently trading at $2,260. Resistance levels are at $2,466 and then $2,700, while support levels are $2,210 and $2,113 below this zone.

Tron (TRX): The TRX/USDT pair has decreased by 0.11% in the last 24 hours and is currently trading at $0.1494. Resistance levels for TRX are at $0.1621 and then $0.1707. Support levels are at $0.1253 and $0.1167 below this zone.

Solana (SOL): The SOL/USDT pair has decreased by 2.34% in the last 24 hours and is currently trading at $126.96. Resistance levels are at $137.94 and $162.37. On the downside, support levels are at $122.46 and $109.41 below this zone.

Near (NEAR): The NEAR/USDT pair has decreased by 1.76% in the last 24 hours and is currently trading at $3.62. Resistance levels are $4.426 and $5.266. Support levels are at $3.475 and $3.069.

Upcoming Events

Liquidation Heatmap

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.

The information in this article does not provide any investment advice.

The post Latest on Bitcoin and Cryptocurrencies – 7 September appeared first on Coin Engineer.

Bitcoin (BTC) continues to be priced at $66,640 after rising up to $67,400. The price could not hold at the $67,000 resistance and fell to its current level by losing volume. If it closes above $66,100 in the first stage, the next target will be the $67,000 resistance level.

This Might Interest You: Putin’s Stern Warnings on Bitcoin Mining

Bitcoin (BTC): The BTC/USDT pair has gained 3.94% in the last 24 hours and is currently trading at $66,640. The resistance levels for BTC are first at $67,000 and then at $68,700. The support levels are at $66,100 and below this region, at $65,460.

Ethereum (ETH): The ETH/USDT pair has gained 2.41% in the last 24 hours and is currently trading at $3,504. The resistance levels for ETH are first at $3,530 and then at $3,655. The support levels are at $3,470 and below this region, at $3,400.

Chiliz (CHZ): The CHZ/USDT pair has gained 7.29% in the last 24 hours and is currently trading at $0.0740. The resistance levels for CHZ are first at $0.0770 and then at $0.0830. The support levels are at $0.06790 and below this region, at $0.06120.

Toncoin (TON): The TON/USDT pair has gained 0.82% in the last 24 hours and is currently trading at $7.345. The resistance levels for TON are first at $7.87 and then at $9.05. The support levels are at $7.24 and below this region, at $6.95.

Tron (TRX): The TRX/USDT pair has lost 0.46% in the last 24 hours and is currently trading at $0.0740. The resistance levels for TRX are first at $0.077 and then at $0.0830. The support levels are at $0.0679 and below this region, at $0.0612.

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.

The post Latest on Bitcoin and Cryptocurrencies – July 20 appeared first on Coin Engineer.

Bitcoin (BTC) continues to be priced at $62,770 after failing to hold the support level at $63,450. In the past hours, after failing to hold the price at $64,260, it experienced a significant volume loss and dropped to $62,620. If it does not close above the $63,450 level in the daily candle, the next support level that comes into play is $62,440.

This Might Interest You: Analysts Predict Potential Bitcoin Decline to $52,000 Amid Bearish Market Signals

Bitcoin (BTC): The BTC/USDT pair has lost 2.65% in the last 24 hours and is currently trading at $62,770. The resistance levels for BTC are first at $63,450 and then at $64,260. The support levels are at $62,440 and if it falls below this region, the next support is at $60,200.

Ethereum (ETH): The ETH/USDT pair has lost 3.64% in the last 24 hours and is currently trading at $3,390. The resistance levels for ETH are first at $3,400 and then at $3,480. The support levels are at $3,360 and if it falls below this region, the next support is at $3,300.

Ripple (XRP): The XRP/USDT pair has lost 3.03% in the last 24 hours and is currently trading at $0.4738. The resistance levels for XRP are first at $0.4885 and then at $0.5060. The support levels are at $0.4711 and if it falls below this region, the next support is at $0.4498.

Polygon (MATIC): The MATIC/USDT pair has lost 3.24% in the last 24 hours and is currently trading at $0.5594. The resistance levels for MATIC are first at $0.5885 and then at $0.6116. The support levels are at $0.5489 and if it falls below this region, the next support is at $0.5006.

Tron (TRX): The TRX/USDT pair has lost 0.70% in the last 24 hours and is currently trading at $0.11890. The resistance levels for TRX are first at $0.12092 and then at $0.12281. The support levels are at $0.11779 and if it falls below this region, the next support is at $0.11632.

Click here to get the latest news from Coin Engineer!

The post Latest on Bitcoin and Cryptocurrencies – June 24 appeared first on Coin Engineer.

After testing the $67,000 resistance level, Bitcoin (BTC) experienced a decline and is currently priced at $66,400. If it does not find support at the $66,000 level in the first stage, the next support level we encounter is $65,450.

This Might Interest You: RPL and AUDIO Price Analysis – 14 June 2024

Bitcoin (BTC): The BTC/USDT pair has gained 0.59% in the last 24 hours and is currently trading at $66,400. The resistance levels for BTC are first $67,000, and then $68,680. The support levels are $66,000 and below this region, $65,450.

Ethereum (ETH): The ETH/USDT pair has gained 2.43% in the last 24 hours and is currently trading at $3550. The resistance levels for ETH are first $3655, and then $3850. The support levels are $3530 and below this region, $3480.

Near Protocol (NEAR): The NEAR/USDT pair has lost 5.00% in the last 24 hours and is currently trading at $5.63. The resistance levels for NEAR are first $6.00, and then $6.60. The support levels are $5.84 and below this region, $5.61.

Injective (INJ): The INJ/USDT pair has lost 8.08% in the last 24 hours and is currently trading at $25.98. The resistance levels for INJ are first $28.44, and then $30.44. The support levels are $27.57 and below this region, $27.03.

Tron (TRX): The TRX/USDT pair has lost 0.41% in the last 24 hours and is currently trading at $0.11603. The resistance levels for TRX are first $0.11780, and then $0.11900. The support levels are $0.11521 and below this region, $0.11145.

Click here to get the latest news from Coin Engineer!

The post Latest on Bitcoin and Cryptocurrencies – 15 June appeared first on Coin Engineer.

Bitcoin (BTC) faced a drop after testing the $67,000 resistance level and is currently priced at $66,700. Recently, it hit $68,500 before falling back to $66,250. If it fails to find support at $66,000, the next support level is $65,450.

This Might Interest You: Will Shiba Inu Coin Reach $1? Shiba Inu Price Prediction

Bitcoin (BTC): The BTC/USDT pair has lost 0.96% in the last 24 hours and is trading at $66,700. Resistance levels for BTC are at $67,000 and $68,680, while support levels are at $66,000 and $65,450.

Ethereum (ETH): The ETH/USDT pair has lost 0.30% in the last 24 hours and is trading at $3,490. Resistance levels for ETH are at $3,530 and $3,655, while support levels are at $3,480 and $3,400.

Near Protocol (NEAR): The NEAR/USDT pair has lost 4.80% in the last 24 hours and is trading at $5.88. Resistance levels for NEAR are at $6.00 and $6.60, while support levels are at $5.84 and $5.61.

Injective (INJ): The INJ/USDT pair has lost 5.68% in the last 24 hours and is trading at $28.30. Resistance levels for INJ are at $28.44 and $30.44, while support levels are at $27.57 and $27.03.

Tron (TRX): The TRX/USDT pair has lost 0.84% in the last 24 hours and is trading at $0.11645. Resistance levels for TRX are at $0.11780 and $0.11900, while support levels are at $0.11632 and $0.11521.

Click here to get the latest news from Coin Engineer!

The post Latest on Bitcoin and Cryptocurrencies – 14 June appeared first on Coin Engineer.