Bitcoin at the Center of Attention

Data indicates that Bitcoin continues to be the most discussed cryptocurrency over the past 24 hours. One of the main reasons is the mining of the 20 millionth Bitcoin and the continued interest of institutional investors in the market. Additionally, developments such as spot ETFs and institutional fund flows are keeping interest in Bitcoin strong. Bitcoin’s movement around critical price levels also attracts attention. Price fluctuations near key support and resistance levels lead both short-term traders and long-term investors to closely monitor the market. This underscores Bitcoin’s continued leadership position in the cryptocurrency market.

Ethereum (ETH) has come into the spotlight due to discussions around network security, staking mechanisms, and protocol governance. Topics such as the validator structure, staking yields, and long-term network sustainability are being widely discussed among investors and developers. Large on-chain and institutional transactions have also increased interest in Ethereum. High-volume transfers by major investors and increased staking activity indicate continued confidence in the Ethereum ecosystem. These developments show that Ethereum remains one of the most important infrastructure projects in the crypto market.

Stablecoin and Altcoin Activity

In the Tether (USDT) space, discussions about the stablecoin market continue to draw investor attention. Comments on gold-backed tokens and asset-collateralized digital assets have reignited debates about the future of the stablecoin ecosystem, increasing USDT’s visibility on social media and investor conversations. At the same time, major altcoins such as XRP, Stellar (XLM), and Solana (SOL) have been frequently discussed by investors. Ecosystem developments, network usage growth, and market movements are factors keeping investor interest alive for these projects.

Dogecoin (DOGE) experienced significant activity after Elon Musk announced that the X Money payment system would soon enter early access. This announcement has revived discussions about potential integration scenarios between the social media platform X and crypto payments. As a result, speculation about Dogecoin being integrated into this payment system increased, making DOGE trend again on social media.

Tron, BNB, and Litecoin Attract Attention

Tron (TRX) came into focus after joining the Agentic AI Foundation Board as a Gold Member. This development has raised expectations that the Tron ecosystem could take a more active role in projects combining AI and blockchain technology. Since AI and blockchain integration has become a significant trend in the crypto sector, such partnerships continue to attract investor interest. In addition, established cryptocurrencies like BNB and Litecoin (LTC) have also regained attention in investor discussions and market analyses. Data from the last 24 hours shows that investor attention in the crypto market is concentrated on projects with large market capitalizations. While Bitcoin maintains its leadership, projects with large ecosystems such as Ethereum, Dogecoin, XRP, and Solana remain in focus due to various developments.

Also, 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 These Altcoins Are Getting Heavy Attention in the Last 24 Hours! appeared first on Coin Engineer.

Why Was the SEC Lawsuit Filed?

In 2023, the SEC accused Justin Sun and three companies linked to him of selling TRX and BTT tokens as unregistered securities. The regulator also alleged that Sun manipulated the market through transactions known as “wash trading” in order to artificially inflate the price of TRX. Additionally, the SEC claimed that several celebrities were paid to promote the tokens. As part of the case, eight celebrities were included in the investigation. Figures such as Lindsay Lohan and Jake Paul were accused of promoting TRX and BTT tokens on social media without clearly disclosing that the posts were paid advertisements. During the process, six celebrities agreed to pay approximately $400,000 in fines and interest without admitting the allegations, thereby closing their part of the case.

According to court documents, Rainberry, the company responsible for developing the BitTorrent protocol, agreed to pay a $10 million civil penalty as part of the settlement with the SEC. The company also committed not to engage in deceptive practices in securities markets in the future. The defendants did not admit the SEC’s allegations but agreed to the settlement as part of the resolution process. The agreement still requires court approval to take effect.

Justin Sun and the BitTorrent Process

Justin Sun acquired BitTorrent in June 2018 and about a year later launched the BTT token for the BitTorrent ecosystem. This move was considered a significant step for expanding the Tron network and developing a decentralized content-sharing economy. The BTT token was designed to create an incentive mechanism for BitTorrent users during file-sharing processes. During the lawsuit, Sun’s lawyers also raised objections regarding whether the SEC had jurisdiction over an international crypto entrepreneur. The defense emphasized that Tron operates as a global ecosystem and questioned the SEC’s legal authority in the case. Despite these arguments, the parties agreed to accept the jurisdiction of a U.S. court so that settlement negotiations could proceed. This step is seen as an important stage in resolving the case through settlement.

Steps Back in Crypto Lawsuits

Following Donald Trump’s return to the presidency, the SEC has reportedly taken a step back in several cases involving the crypto sector. The regulator previously withdrew some lawsuits against major crypto platforms such as Binance, Coinbase, and Uniswap. Since the beginning of 2025, the SEC is said to have ended more than a dozen crypto-related cases. This development has led to speculation that regulatory pressure on the crypto industry could ease. The settlement between the SEC and Tron is seen as an important turning point in the crypto market. While price volatility has been observed in Tron ecosystem tokens such as TRX and BTT, analysts believe the development may signal a softer regulatory approach toward cryptocurrencies in the United States. If the settlement is approved by the court, much of the legal uncertainty surrounding the Tron ecosystem could be removed.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Justin Sun and SEC Reach Agreement: Is the Lawsuit Coming to an End? appeared first on Coin Engineer.

Which Altcoins Are Included?

The list of assets covered in Bitwise’s ETF filings reflects a diverse cross-section of the crypto ecosystem. Rather than concentrating on a single narrative, the selection spans decentralized finance, Layer-1 infrastructure, privacy-focused networks, and emerging blockchain technologies.

The altcoins included in the applications are:

• Aave (AAVE)

• Uniswap (UNI)

• Zcash (ZEC)

• Canton (CC)

• Ethena (ENA)

• Hyperliquid (HYPE)

• Near (NEAR)

• Starknet (STRK)

• Sui (SUI)

• Bittensor (TAO)

• Tron (TRX)

This broad asset mix highlights Bitwise’s intention to capture multiple growth segments within the digital asset market rather than betting on a single category.

Why Spot Altcoin ETFs Matter

Spot ETFs allow investors to gain exposure to crypto assets through regulated financial products without the need to directly hold or custody tokens. For institutional investors, family offices, and traditional funds, this structure reduces operational complexity while aligning with existing compliance frameworks.

By extending ETF applications to altcoins, Bitwise is effectively acknowledging that institutional demand is evolving. The market is no longer limited to flagship assets, and alternative blockchain networks are increasingly viewed as investable instruments within a diversified portfolio.

Potential Market Impact

If approved, these ETFs could contribute to increased liquidity and broader market participation for the underlying assets. Easier access through traditional investment channels may also support more efficient price discovery over time.

In addition, Bitwise’s initiative could encourage other asset managers to pursue similar products, accelerating competition and innovation in crypto-based financial instruments.

A New Phase of Institutional Adoption

This development points to a new stage in institutional crypto adoption—one where altcoins are no longer peripheral but actively considered within structured investment products. As ETF offerings expand and diversify, digital assets may continue to solidify their position within global financial markets.

While regulatory outcomes remain uncertain, Bitwise’s move is a clear signal that the long-term potential of the altcoin market is gaining serious institutional recognition.

This content does not constitute investment advice. Cryptocurrency markets involve significant risk, and investors should conduct their own research before making any financial decisions.

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 Bitwise Files Applications for 11 New Altcoin ETFs appeared first on Coin Engineer.

SUNDOG is explicitly positioned as a purely digital, community-driven token with no investment, revenue-sharing, or governance promises. Its value is shaped entirely by its utility within the TRON ecosystem, community engagement, and Justin Sun’s aggressive growth strategies for the network.

What is Sundog?

Sundog is the native meme token of the TRON blockchain. It is not a security, equity stake, dividend instrument, or corporate share. The token exists solely to boost participation in the expanding TRON meme economy, strengthen user interaction, and serve as a supporting element in newly developed bots, mini-apps, and platforms.

The core philosophy behind Sundog is to create a fast, transparent, and accessible meme ecosystem fully owned by the community. With 100 % of tokens already in circulation, no locks, no private allocations, and a completely decentralized growth model, Sundog stands apart from most meme projects.

The Vision Behind the Ecosystem

Sundog’s long-term vision is to transform the massive early community momentum into a billion-dollar meme economy across the TRON network. By bringing the Pump.fun phenomenon from Solana to TRON, the team aims to:

• Reach billion-dollar market capitalization
• Fully adapt meme culture to TRON
• Build a multi-chain meme ecosystem
• Develop community-driven new applications and protocols

In this context, SUNDOG is seen not merely as a token but as the foundational building block of TRON’s next-generation meme economy.

Factors Driving the Rise

Within the first month of launch, SUNDOG posted remarkable growth and outperformed many on-chain metrics:

• Market cap surpassing $379 million
• Over 510,000 on-chain holders
• More than 120,000 social media followers
• SUNBOT trading bot reaching 130,000 users
• Listings on major exchanges including Bybit, KuCoin, Gate.io, Bitget, and HTX
• Daily average trading volume exceeding $100 million
• Over 2.5 million SUNDOG burned

This rapid ascent created unprecedented community momentum on the TRON network.

SUNDOG Tokenomics

SUNDOG is 100 % community-controlled with the entire supply already in circulation. There are no locks, no private investor allocations, and no future unlocks. Price action is therefore driven purely by natural market dynamics.

Two core mechanisms dominate the token economy:

1. Token Burn Program A portion of platform fees and bot revenues is continuously allocated to SUNDOG buybacks and burns.
2. Revenue-Sharing Model A percentage of income from ecosystem products like SUNBOT flows back into the system, creating a deflationary effect.

These mechanisms gradually reduce supply, making the ecosystem more balanced and sustainable over time.

Key Products in the Ecosystem

SUNBOT – TRON-Based Trading Bot A high-frequency trading bot designed to simplify meme token trading on TRON, featuring auto-buy options, referral system, slippage controls, and seamless TRX integration. 50 % of SUNBOT revenue is automatically used for SUNDOG buybacks and burns.

Upcoming expansions:

• Support for Solana, Ethereum, and BNB Chain
• Limit orders, copy trading, and advanced tools
• Expanded dashboard

Telegram Mini App Developed with Nextmate.ai, it delivers a gamified meme experience and rapidly expands the user base.

Sundog Roadmap

Q2–Q3 2025

• TRON-focused trading extensions
• Advanced order types (limit, stop, take-profit)
• Real-time contract detection
• CEX-grade DEX integration

Q3 2025

• Sundog.fun token launch platform
• Programmable token fees
• Anti-bot security systems
• Multiple launch options (fixed price, bonding curve, auction)

The plan is to establish a next-generation meme economy on TRON.

Sundog Investors

Sundog is backed by strategic players aiming to grow the TRON ecosystem. The biggest supporter is the SunPump platform itself, which positions Sundog as a Tier-4 strategic corporate partner. This backing gives Sundog a structural advantage within TRON’s fast-growing meme economy, beyond pure community strength. SunPump’s technical and marketing firepower has been one of the key drivers behind Sundog’s ability to reach a wide audience early on.

Official Links

• Website
• X (Twitter)
• Whitepaper

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 What is Sundog (SUNDOG)? appeared first on Coin Engineer.

Stablecoin Giants Hold Their Lead

The top two positions are occupied by Tether (USDT) and Circle (USDC), clearly demonstrating their dominance in the stablecoin ecosystem through revenue as well. Both companies continue to generate strong income despite the broader market decline. Notably, USDT’s ability to continue producing positive monthly revenue reflects the intensity of stablecoin usage and the increased demand for dollars during periods of market stress.

Projects such as HYPE (Hyperliquid), pump.fun, and Ethena (ENA) ranked among the highest-earning protocols of the past 30 days thanks to their next-generation trading, liquidity, and derivative solutions. However, an important detail stands out: although these platforms generated significant revenue, most experienced substantial declines compared to the previous month. In particular, the over 50% drops in Ethena and PancakeSwap clearly illustrate the scale of volatility within the DeFi sector.

Top 15 Revenue-Generating Projects of the Last 30 Days

1. Tether (USDT) – $440.3M (+0.8%)
2. Circle (USDC) – $216.8M (–1.3%)
3. Tron (TRX) – $214.9M (–9.1%)
4. Hyperliquid (HYPE) – $88.1M (–19.2%)
5. pump.fun (PUMP) – $32.3M (+1.8%)
6. Ethena (ENA) – $30.3M (–50.3%)
7. PancakeSwap (CAKE) – $30.0M (–53.3%)
8. Axiom Trade – $22.0M (–15.5%)
9. Aave (AAVE) – $12.7M (–19.0%)
10. Aerodrome (AERO) – $12.6M (–35.1%)
11. Phantom – $11.7M (–16.2%)
12. Aethir (ATH) – $8.5M (–17.0%)
13. Base – $8.1M (+4.1%)
14. Ethereum (ETH) – $8.0M (–65.7%)
15. Lido Finance (LDO) – $7.2M (–18.0%)

Ethereum’s Decline Hits Record Levels

The most striking figure on the list is Ethereum’s massive revenue drop. A decline of more than 65% month-over-month signals weakening transaction activity on the network and notable pressure on DeFi usage.

By contrast, the Base network’s increase in revenue shows that user migration within the Layer-2 ecosystem is accelerating. Base — supported by Coinbase — has seen higher developer interest and user flow during this period, helping reduce congestion on Ethereum.

Overall Assessment

The data shows that even during market downturns, high-volume and strongly utilized projects continue to generate consistent revenue. The dominance of stablecoin issuers at the top highlights the rising demand for the U.S. dollar during periods of uncertainty. Meanwhile, the high activity on chains like Hyperliquid demonstrates that users are still actively trading.

However, the fact that revenue has declined sharply across most protocols reveals that volatility affects not only prices but also the underlying economics of blockchain networks.

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 Despite the Decline, the 15 Highest Revenue-Generating Altcoins Have Been Announced appeared first on Coin Engineer.

JUST is a two-token ecosystem: USDJ and JST. USDJ is a stablecoin pegged to the US Dollar (USD). JST serves multiple functions on the platform, including paying interest, participating in governance, setting parameters such as interest rates and minimum collateral ratios, and supporting the platform’s sustainability.

Users who want to mint USDJ deposit supported collateral tokens such as TRON (TRX), convert them into PTRX, and lock them as a Collateralized Debt Position (CDP). Depending on the amount of collateral, users can mint USDJ and later repay it to retrieve their collateral.

The JUST ecosystem aims to be a fair and borderless DeFi hub accessible to TRON users. The platform is managed by the JUST Foundation, which includes professionals from companies like Alibaba, Tencent, and IBM.

Team Information and Founders

The JUST team is partially public. Key members include:

• Terance F: Blockchain expert, former Barclays and IBM employee

• Elvis Zhang: Senior developer and experienced blockchain researcher

• C Wu: Wallet and exchange specialist

• GL Kong: Experienced blockchain engineer and early crypto adopter

The platform was announced by TRON CEO Justin Sun and has received technical and financial support from the TRON team.

Project Concept

JUST aims to build a full DeFi ecosystem on TRON rather than focusing on a single product. The platform offers multiple products covering various DeFi use cases:

• JustStable: Multi-collateral decentralized stablecoin platform

• JustLend: TRON-based money market protocol where users can provide liquidity or take low-interest crypto loans

• JustSwap: Automated Market Maker (AMM) for TRC-20 tokens and permissionless liquidity pools

• JustLink: The first decentralized oracle system on TRON, securely supplying smart contracts with real-world data

• Cross-chain tokens: Tokenized versions of BTC, ETH, LTC, and other blockchain assets on TRON

Investors and Partnerships

Following the IEO, the platform has strategic investors and partners:

• Seed Sale: 11%

• Public Sale (LaunchBase): 4%

• Strategic Partnerships: 26%

• Team: 19%

• Airdrop (for TRX holders): 10%

• Ecosystem: 30%

The JUST team also collaborates with experts from Alibaba, Tencent, and IBM.

• JUST Foundation: Includes professionals from leading tech companies and global investment banks.

• Poloniex: The IEO was conducted on Poloniex LaunchBase.

How the Project Works (USDJ Creation and Stability Mechanism)

• Deposit Collateral: Users deposit TRX as collateral.

• Convert to PTRX & Create CDP: TRX is converted into PTRX and locked to create a Collateralized Debt Position (CDP).

• Mint USDJ: Users can mint USDJ based on the amount of collateral.

• Retrieve Collateral: Users repay the borrowed USDJ plus accrued stability fees to unlock their collateral.

• Price Stability Mechanism (Target Rate Feedback Mechanism):

  • If USDJ price is above $1: The system encourages minting more USDJ to increase supply and bring the price down to $1.

  • If USDJ price is below $1: Minting USDJ becomes more expensive, encouraging holding, reducing supply, and raising the price back to $1.

Governance

The JUST ecosystem is governed by JST token holders, who can:

• Select trusted price data providers

• Set risk management parameters

• Approve system upgrades

• Decide on new feature implementation

This governance ensures the platform adapts to market changes while maintaining stability.

Roadmap

JUST follows a community-driven development path. It starts with basic governance and gradually introduces more sophisticated and continuous governance mechanisms. The main goal is to establish USDJ as a core component of the TRON DeFi ecosystem.

Future plans include security improvements, expanding use cases, and strengthening USDJ’s position in the cryptocurrency market.

Token Use Cases

JST tokens are used for:

• Governance: Voting on protocol parameters and system upgrades

• Fee Payment: Stability fees on borrowed USDJ are paid in JST

• Deflationary Mechanism: JST tokens used for stability fees are burned, reducing supply over time

• Incentives: Users earn JST by depositing collateral, lending, providing liquidity, or participating in special campaigns

Token Information and Distribution

• Max Supply: 9.9 billion JST

• Circulating Supply: 9.9 billion JST

Team tokens were fully vested by April 2022. Distribution includes Seed Sale, Public Sale, Strategic Partnerships, Team, Airdrop, and Ecosystem allocations.

Ecosystem and Features

The JUST ecosystem, as of January 2021, consists of five key products:

• JustStable: Multi-collateral decentralized stablecoin platform for USDJ

• JustLend: TRON-powered money market protocol for liquidity provision and low-interest loans

• JustSwap: AMM platform for TRC-20 tokens and permissionless liquidity pools

• JustLink: TRON’s first decentralized oracle system

• Cross-chain Tokens: Tokenized BTC, ETH, LTC, and other blockchain assets usable within the JUST ecosystem

Official Links

• Website
• Twitter
• Telegram

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 What is JUST (JST)? appeared first on Coin Engineer.

TRON Attracts Strong Capital Inflows

TRON (TRX) supports multiple stablecoins including USDT, USDC, and USDD, attracting users seeking low-cost and fast fund transfers. Its daily transfer volume and active usage across DeFi platforms contribute to a total stablecoin market capitalization exceeding $80 billion. Fast transactions and low fees make TRON a reliable choice for both liquidity and user trust.

Key features:

• Multi-stablecoin support (USDT, USDC, USDD)

• Near-instant transactions with low fees

• Extensive DeFi integration

• Strong user trust and growing market capitalization

These advantages make TRON a preferred platform for both investors and developers. High transaction volume also helps the network remain competitive in a rapidly evolving market.

PLASMA Sees Nearly $1B Outflow

Despite offering zero transaction fees, PLASMA recorded a $996 million outflow, largely due to its reliance on USDT alone. Analysts point to limited token support and a smaller ecosystem as factors behind the capital loss. Without broader usage and expansion, PLASMA may struggle to compete with larger networks like TRON.

While PLASMA provides fast and free transfers, a more comprehensive ecosystem and broader token support are necessary to maintain competitiveness. This indicates that stablecoin networks must adapt quickly to user preferences and market trends.

Stablecoin Flows as Market Signals

The recent fund movements between TRON and PLASMA illustrate how quickly market sentiment can change. TRON’s inflows reflect strong user confidence and liquidity, whereas PLASMA’s outflows highlight the importance of infrastructure and ecosystem support. These trends will continue shaping the development and competition of stablecoin networks in the coming months.

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 TRON Gains $1.1B, PLASMA Sees $996M Outflow appeared first on Coin Engineer.

September Network Revenue Declines Explained 

VanEck reports show that Ethereum’s revenue fell 6%, Solana 11%, and Tron 37% in September. The drop on Ethereum was mainly due to a governance proposal that reduced gas fees by more than 50%. Revenue declines on other networks were tied to lower volatility in the cryptocurrency market. 

Market volatility played a significant role. Ether’s volatility decreased by 40%, Solana by 16%, and Bitcoin by 26%. The report stated, “With lower volatility in digital assets, investors face fewer high-fee opportunities and limited arbitrage possibilities.” 

Tron Network Maintains Revenue Dominance 

According to Token Terminal, Tron earned $3.6 billion last year, ranking it as the top network in the crypto ecosystem. By comparison, Ethereum, despite reaching an all-time high market capitalization of $539 billion in August, generated only $1 billion in revenue. 

Tron’s revenue strength is largely attributed to its role in stablecoin payments. About 51% of Tether (USDT) circulation is issued through the Tron network. This position boosts Tron’s economic activity and revenue potential. 

Stablecoins and Blockchain Ecosystem Growth 

RWA.XYZ data shows that the stablecoin market exceeded $292 billion in October 2025, growing steadily since 2023. Governments are increasingly integrating fiat currencies into blockchain rails to enhance accessibility and usability. 

Blockchain-based stablecoins allow near-instant cross-border payments with minimal fees. They also support 24/7 trading without requiring a bank account, making digital assets a critical use case for the global economy. 

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 September Blockchain Revenues Drop 16% as Tron Leads! appeared first on Coin Engineer.

USDT and USDC Lead, USDe Gains Momentum

Data shows USDT led with $19.6 billion net inflows in Q3. USDC followed with $12.3 billion. Ethena’s synthetic stablecoin USDe attracted $9 billion, showing strong performance. PayPal’s PYUSD saw $1.4 billion, and MakerDAO’s USDS gained $1.3 billion. New projects like RLUSD and Ethena USDtb also recorded steady growth, reflecting strong demand for both established and emerging stablecoins.

You May Be Interested In: Has the Stablecoin Market Really Surpassed $300 Billion?

Ethereum Dominates, Other Chains Growing

Ethereum remained the most used network for stablecoins, holding $171 billion in circulation. Tron ranked second with $76 billion. Solana, Arbitrum, and BNB Chain collectively provided $29.7 billion in supply for users. In terms of tokens, USDT leads with a 59% market share, USDC holds 25%, and USDe is rapidly growing at around 5%.

Stablecoin Market Expands, Transaction Activity Balances

The total stablecoin market value reached $290 billion over the past 30 days. Monthly active addresses fell to 26 million due to user activity, down 22.6%, while transfer volume dropped 11% to $3.17 trillion. While investor demand continues to grow, on-chain transaction activity indicates the market is seeking a new balance.

The post Stablecoin Market Sees $46 Billion Inflow appeared first on Coin Engineer.

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.