Search results for "SUN"

SRM announces board restructuring: Weike Sun appointed as chairman.

According to Gate News bot, as reported by Investing, the Nasdaq-listed company SRM has made board personnel adjustments after securing a $100 million equity investment and launching a TRX reserve strategy. Three original board members announced their resignation, and Weike Sun has been appointed as the chairman of the board, while Zhihong Liu and Zi Yang have been appointed as board members. Public information shows that Weike Sun graduated from Qinghai Normal University and previously held senior management and advisory roles at several fintech companies, including Ruibo (Beijing) Technology Co., Ltd.
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The U.S. House of Representatives questions SEC Chairman about encryption regulation stance and the progress of the Justin Sun lawsuit.

According to Gate News bot, The Block reported that the U.S. House Appropriations Committee held a hearing on May 20 to question SEC Chairman Paul Atkins regarding Crypto Assets regulation matters. Congressman Glenn Ivey focused on inquiring about the SEC's suspension of the fraud lawsuit against Justin Sun, as well as the association between Sun and the Trump-related memecoin. In response to Justin Sun's announcement that he would attend the dinner hosted by Trump for memecoin holders, Ivey stated at the hearing that it was "disturbing" and urged the SEC to conduct an investigation. In this regard, Atkins responded that the case is ongoing and clearly stated that memecoins do not fall under the category of securities, and the SEC plans to advance the regulation of crypto assets by formulating specific rules.
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Justin Sun: TRX is about to land on Solana

BlockBeats news, on March 18th, Justin Sun announced on X platform that TRX will soon be landing on Solana.
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The thirty-fifth phase of SUNToken repurchase and destruction has been completed, with a quantity exceeding 7 million tokens

SUN.io has completed the thirty-fifth Token repurchase and burn, with a total of 7,417,943.9019 SUN Tokens burned and all transferred to the Burn Address. The total repurchased and burned SUN now amounts to 452,719,841.52 tokens, including 291,704,771.36 tokens repurchased and burned through SunSwap V2, and 161,015,070.16 tokens repurchased and burned through SunPump.
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Justin Sun: Tron Super Node does not have any MEV mechanism and does not facilitate front running

Justin Sun said that the Tron network does not have the MEV mechanism and is significantly ahead of Ethereum and Solana, with an interception rate of around 98%. Among them, Tron's SR Node has not implemented any MEV mechanism and strictly prohibits front running; the community has found that many MEV transactions are probabilistically utilized by bots, involving a large number of failed scenarios. Tron's design eliminates the privileged mechanism, and the Decentralization voting system supervises SR behavior, greatly reducing the possibility of front running and making the market more fair.
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SUN has completed the 43rd token buyback and burn.

According to Sun.io's official announcement, SUN will complete the 43rd phase of token repurchase and destruction from May 15 to June 12, 2025, burning a total of 4,306,960.4565 SUN tokens, and the relevant tokens have been transferred to the black hole address. According to the data, since December 15, 2021 (Singapore time), a total of 506,884,216.52 SUN has been repurchased and burned. Among them, 345,869,146.36 SUN tokens were repurchased and burned through SunSwap V2 revenue, and 161,015,070.16 SUN tokens were repurchased and burned through SunPump revenue. The buyback and burn mechanism has effectively improved the value of SUN tokens
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Justin Sun: Met with Hong Kong Legislative Council member Wu Jiezhuang and submitted materials related to the FDT case to regulatory and judicial authorities.

BlockBeats news, on April 3rd, Justin Sun posted on the X platform stating, "I met with Legislative Council member Wu Jiezhuang from Hong Kong and reported the case of the misappropriation of nearly five hundred million dollars in client reserve funds by First Digital Trust (FDT), and submitted relevant materials to regulatory and judicial authorities. We are fully confident that we will recover the funds and hold the individuals involved in the theft accountable under the law."
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SBF changed his political stance to support Trump during his first prison interview, presumably in pursuit of a pardon.

Crypto Assets exchange FTX former CEO Sam Bankman-Fried, after being imprisoned, claimed to support Trump, stating that he became a 'judicial politicization' victim and supported the Republican cause. SBF revealed to the media donations to the Democratic Party and the Biden camp, and is currently serving a 25-year sentence in New York. Despite seeking pardon, the likelihood of obtaining it is very low.
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BAN's market value has fallen to $165 million, with a 24-hour decline of 32.23%.

BlockBeats news, on November 21st, according to GMGN data, BAN Market Capfall to $165 million, with a 32.23% fall in the past 24 hours. Earlier today, Justin Sun announced the purchase of the Cattelan banana (meme coin BAN) from Sotheby's auction for $6.2 million.
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$BAN short-term surged over 25%, possibly influenced by Justin Sun's acquisition of Cattelan's banana from Sotheby's auction gate news: On November 21st, Justin Sun tweeted that he had acquired Maurizio Cattelan's work Comedian for $6.2 million. "This is not just an artwork; it represents a cultural phenomenon that connects the worlds of art, MEME, and the Crypto Assets community. I believe this work will inspire more thinking and discussion in the future and become part of history.". Possibly influenced by this news, BAN rose by over 25% in the short term. Gate data shows, $BAN current price $0.1887, market cap $184.91M, 24h trading $80.96M.
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Or affected by the news that Justin Sun has acquired the Cattelan banana from Sotheby's auction, BAN rose by more than 27% in the short term.

BlockBeats news, on November 21st, possibly influenced by Justin Sun's acquisition of Cattelan's banana from Sotheby's auction, BAN rose over 27% in a short time, now priced at 0.236
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Justin Sun: TRON joins Chainlink Scale plan

BlockBeats News, on October 31, TRON founder Justin Sun announced that TRON has joined Chainlink Scale and adopted Chainlink Data Feeds as TRON
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SUN Boost online PUSS/TRX Mining Pool

According to the official announcement, SUN Boost has officially launched the PUSS/TRX Mining Pool, which rewards PUSS Token. The Mining Pool is operated entirely by the project team, SUN.io.
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Justin Sun: dropTron network's Money Laundering measures will take effect in two hours

BlockBeats news, on September 19, Justin Sun posted on X, saying, "TRON community super representative has approved to drop 50% of the fees, which will take effect in two hours. Combined with other measures this week, meme Money Laundering on TRON is now at one of the lowest levels in the industry, and is expected to drive the network and meme
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Justin Sun: USD1 stablecoin has been officially minted on the TRON network.

According to BlockBeats news, on June 11, TRON founder Justin Sun announced that the USD1 stablecoin supported by the Trump family WLFI has been officially minted on the TRON network. It is a small step for USD1, but a huge leap for stablecoins.
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Golden Finance reports that Justin Sun has once again stated on social media that his claim about First Digital Trust (FDT) going bankrupt is a statement of fact, devoid of any emotional connotation. If you have any relationships with them, please sever them as soon as possible to protect your assets. As for what consequences its founder Vincent Chok will face for his fraudulent actions, that will be determined by the judicial system and regulatory authorities. Note: Vincent Chok, founder and CEO of First Digital Trust (FDT), is responding to questions in an AMA, providing clarifications and explanations on almost all issues. Currently, both parties are basically in a 'stalemate'.
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FDUSD has been unpegged and is now quoted at 0.9949 USDT

BlockBeats News, on April 2, according to market data, FDUSD was unanchored after Justin Sun posted that "the entity behind it has gone bankrupt and cannot fulfill customer fund redemption obligations", with a price of 0.9949 USDT as of press time.
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Justin Sun: The FDUSD issuer has gone bankrupt and is unable to fulfill its redemption obligations.

Justin Sun posted on April 2 that FDUSD issuer First Digital Trust (FDT) is bankrupt and unable to fulfill its obligations, advising users to protect their assets. There are risks in Hong Kong's financial system, and regulators are urged to take steps to prevent losses. Hong Kong's reputation as a financial centre has been tarnished, and financial fraud must be eradicated.
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Justin Sun staked 60,000 ETH to Lido, equivalent to $116 million

BlockBeats news, on March 19th, according to Arkham monitoring, Justin Sun Address staked 60,000 ETH to Lido, equivalent to about 1.16 billion US dollars.
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Justin Sun: $30 million dispute with Li Lin, communication is not smooth, has sued in Hong Kong

BlockBeats news, on February 5th, Justin Sun stated on his social media platform, "Li Lin's position has always been that I know there are 3000
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Justin Sun may soon announce the 'Micro' strategy for TRX

BlockBeats news, on December 4th, Justin Sun stated on social media that 'MicroStrategy's success demonstrates that innovation can overcome outdated regulations. Under Trump's leadership, cryptocurrency regulations in the United States are finally starting to relax. As for TRX
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$TRX surges 71% as Tron founder wins crypto award

Gate.io News: The price of $TRX, the native token of Tron Network, has increased by 71% in the last 24 hours after the founder of Tron Network, Justin Sun, wins “Pioneer of the Crypto Future Award” in honor of his groundbreaking work in blockchain and cryptocurrency. Similarly, TRON DAO also won the “Global Blockchain Ecosystem Innovation Award”.$TRX currently trades around $0.38392 (TRX/USDT), with a market capitalization of $33.06B, and 24-hour trading volume of $222.43M according
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Today's Headlines 1. The grayscale multi-token fund GDLC applies for listing as an ETP, or may become the first multi-encryption asset ETP 2. OpenSea announced that the new version will be launched in December and the waiting list registration has been opened. 3, BTCMining difficulty was increased by 6.24% to 101.65 T this morning, reaching a new high. 4. Medical device company Semler Scientific increased its holding of 47 BTC, and the open interest increased to 1058 BTC. 5. Michigan Retirement Fund purchases $10 million ETH Square ETF 6. The 35th round of SUN Token repurchase and destruction has been completed, with a quantity exceeding 7 million coins.
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TRON network Q3 total revenue of $5.77 billion set a historical record, with a rise of 43% compared to the previous period

BlockBeats News, on October 2nd, Justin Sun posted on social media that TRON network's Q3 total revenue was $577 million, the highest level since the protocol was established, which rose compared to the second quarter.
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SUN Boost is online SUNJOKER/TRX Mining Pool

According to an official announcement, SUN Boost officially launched the SUNJOKER/TRX Mining Pool on September 25. The reward for this Mining Pool is SUNJOKER Token, and the Mining activity will start on the same day.
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SunSwap V3 router contract upgrade, transaction energy fee reduced to 1%

SUN.io announced an important upgrade to the SunSwap V3 routing contract, reducing the transaction energy fee to 1% and the intelligent routing exchange fee to 1% as well. The new routing contract Address is TJ4NNy8xZEqsowCBhLvZ45LCqPdGjkET5j, aiming to promote the development of the TRON ecosystem.
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Justin Sun: $8 million worth of SUN Tokens have been destroyed, with $4 million remaining to be executed for destruction.

TRON founder Justin Sun announced that his cryptocurrency project SunPump has burned $8 million worth of SUN tokens, and plans to burn an additional $4 million worth of tokens. These burns are aimed at addressing the issues of income repurchase and destruction, as suggested by the community to burn Liquidity LP tokens and increase Token Liquidity Depth. This approach also complies with regulatory requirements, similar to the practices of mainstream meme tokens like SHIB.
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Justin Sun shows a picture of the Trump Tourbillon watch he received at the TRUMP dinner.

On May 23, Justin Sun shared a photo of the Trump Tourbillon watch he received at the TRUMP dinner on the X platform. According to reports, the organizers of the TRUMP dinner stated that the first four attendees would receive one of the 147 globally limited issuance watches. President Trump possesses the watch numbered 1.
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Justin Sun's speech at the dinner: 100 days ago we were fleeing from capture, now we gather in Washington DC to create the future of encryption together.

Former President Trump hosted a dinner with TRUMP Token holders, where TRON founder Justin Sun thanked the Trump administration for supporting the development of the encryption industry. He stated that 100 days ago the government was pursuing crypto individuals, but now they can hold grand events in Washington. This move allows all industry practitioners to gather in the U.S. to collectively build the encryption industry, and he himself has become an example.
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The top user at the TRUMP banquet is "SUN" holding 1.175 million TRUMP.

BlockBeats news, on April 25, according to the TRUMP official website, a user registered as "SUN" currently holds 1,176,803 TRUMP, valued at 14.32 million USD, surpassing "CASE" to take the top spot on the leaderboard. BlockBeats note: on-chain data analysis account Lookonchain claims that the address "looks like" it belongs to Justin.
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TRUMP official clarification: During the dinner event, the Token remains locked, with both the initial and subsequent unlocking periods extended by 90 days.

According to Gate.io News bot, the TRUMP Meme coin team released a statement to clarify the misunderstanding regarding the "TRUMP Dinner" event. The statement pointed out that there is no requirement to hold $300,000 worth of tokens to participate in the dinner, and there will be no token unlocking and selling during the event. Official data shows that the user "Sun", currently ranked first on the leaderboard, holds 1,176,803 TRUMP, worth approximately 14 million USD; while the user "HAR", ranked 220th, holds 35.3 TRUMP, worth approximately 420 USD. Both are qualified to participate in the dinner. At the same time, the official emphasizes that the initial unlocking batch and the daily unlocking Tokens for the next three months will have their locking period uniformly extended by 90 days, ensuring that these assets remain locked throughout the ranking activity. It is worth noting that TRUMP previously unlocked 40 million Tokens on April 18, accounting for 20% of the circulating supply and 4% of the total supply.
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TRUMP reiterated that the token will not be unlocked during the dinner ranking event, and the initial batch and subsequent 3 months of unlocking will be extended by 90 days.

According to BlockBeats news, on April 25, the official announcement of TRUMP Meme coin stated that some participants in the market have a certain misunderstanding about the "TRUMP Banquet". The threshold for participating in the TRUMP Banquet does not need to exceed 300,000 dollars (currently not required), and there will be no unlocking of Token dumping during the event. The official explanation states that the user "Sun" currently ranks first with 1,176,803 TRUMP (worth 14 million dollars), while the 220th place user "HAR" holds only 35.3 TRUMP (worth 420 dollars). (According to the current ranking, both are qualified to attend the banquet.) In addition, the TRUMP Meme coin official reiterated that the initial unlocking batch and the daily unlocked Tokens in the following three months will be additionally locked for 90 days.
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Justin Sun: No intention to sell the held ETH, will continue to jointly build.

BlockBeats news, on April 18, Justin Sun stated in a post this morning, "The current price of ETH is low, but we have no intention of selling our held ETH. Tron will continue to seek opportunities to collaborate with more Ethereum developers to build our industry together." Justin Sun holds a large amount of ETH. In December last year, it was rumored that Justin Sun had "closed all positions in ETH," but he later clarified that it was merely a "transfer operation between wallets."
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Justin Sun: FDT's net assets by the end of 2024 will be negative HKD 100 million, with massive misappropriation of user assets leading to huge losses.

Justin Sun revealed on social media that First Digital Trust (FDT) is in a state of insolvency, with a seriously negative financial situation and three consecutive years of negative net assets, facing the risk of bank license revocation in the future. Although FDT is publicly raising billions in funding, its large-scale misappropriation of user assets has led to significant losses, and Hong Kong regulators need to explain their inadequate oversight that has led to this situation.
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SUNToken The 36th repurchase and destruction has been completed, with a destruction quantity exceeding 7.5 million tokens

SUN.io announced that the 36th Token repurchase and destruction has been completed, with a total of 7,594,830.9903 SUN Tokens destroyed from November 4th to 28th, totaling 460,314,672.51 tokens destroyed, including 299,299,602.35 tokens from the SunSwap V2 platform and 161,015,070.16 tokens from the SunPump platform.
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Justin Sun: Fair issuance is one of the biggest advantages of memes.

Tron founder Justin Sun believes that fair issuance is one of the biggest advantages of memes. Everyone can track tokens. He suggests that Memecoin developers on Tron need to ensure fair release and distribution in order to stay ahead. Justin Sun studies meme trends every day and believes that memes can quickly attract attention, with constantly changing stories that are never boring. He firmly believes that there will be more and more memes with new concepts in the future.
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Justin Sun marked the transfer of 19830 WETH, worth over $52 million, to the Address

Odaily Planet Daily News According to Whale Alert monitoring, Justin Sun marked Address has transferred 19830 WETH to a certain Address starting with 0x4d5 on the ETH chain, worth approximately 52,187,404
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SunPump: Collaborates with DWF Labs on SUNToken to enhance Liquidity in all scenarios.

Odaily Star Planet Daily News reported that SunPump announced on the X platform that it is partnering with DWF Labs on SUN Token to enhance liquidity in all scenarios. This partnership will support smoother transactions and greater accessibility for SUN.
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Justin Sun: Has completed the destruction of $12 million SUN Tokens.

BlockBeats News, on September 6th, Justin Sun announced that SunPump has completed the burning of 12 million US dollars worth of SUN Tokens. As reported by BlockBeats earlier, on September 4th, Justin Sun announced that SunPump has completed the burning of 8 million US dollars worth of SUN Tokens, with a remaining burning plan of 4 million US dollars to be executed.
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SUN BoostMining pool gas fee drop 99%

SUN.io announces a 99% reduction in gas fees for SUN Boost Mining pool and SunSwap V2. Users now only need to pay 1% of the gas fee to participate in MEME Token Mining. This move aims to enhance user trading experience and promote the development of TRON TRON MEME ecosystem.
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Justin Sun: Will submit specific proposals next week to continue dropping Money Laundering on the Tron network

BlockBeats news, on September 6, Justin Sun stated in a post on X that the TRON community super representatives will continue to drop the network's Money Laundering, and is expected to submit a specific proposal next week. This will significantly reduce the Money Laundering of Sunpump and Sunswap.
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Analysis: The "TRUMP Dinner" spurred investors to cash out, with over $869 million in TRUMP Token flowing out in the past 7 days.

According to Nansen data, a large amount of funds flowed out of the TRUMP Token after Trump announced the dinner, reaching $869 million. Although some holders or buyers held the token to qualify for the dinner, more chose to cash out during the Fluctuation. The largest holder of the TRUMP Token is the "Sun" Address, holding 1.1768 million Tokens, worth approximately $16 million. 80% of the supply is controlled by the team, raising concerns in the market about conflicts of interest and price manipulation.
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CZ denies the accusations: not involved in Money Laundering or fraud.

Gold Finance reported that CZ denied allegations of money laundering and fraud on social media in response to media reports. He clarified that the so-called "AML" issue is different from "Money Laundering"; the former refers to the failure to effectively prevent, while the latter refers to actual implementation. CZ emphasized that all customer assets are safe and sound, and stated that he might be one of the most strictly regulated individuals globally. This statement also responds to reports regarding his legal disputes with Justin Sun.
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Justin Sun marked Address transferring 410,734,184 USDD to an Address starting with TXCu9

PANews March 1st news, according to Whale Alert monitoring, approximately 1 minute ago, 410,734,184 USDD were transferred from Justin Sun's Address to a Wallet starting with TXCu9. On-chain information shows that the Address starting with TXCu9 is marked as a USDD multisig signer Wallet.
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Justin Sun: The Tron network is about to experience an AI boom

BlockBeats news, on December 14th, Justin Sun posted on social media that the TRON network is about to experience an AI boom, implying that it will drive the emergence of AI on the TRON network.
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"On Hyperliquid, 50x Whale" BTC short order turned into unrealized losses, with an estimated liquidation price of $85,565

On Hyperliquid, a trader named '50x leverage Whale' opened a 40x BTC short order position at a price of $83,923.2. Due to a slight Rebound in the BTC price and paying leverage funding, the position is currently at a floating loss, with an estimated liquidation price of $85,565. A Whale hunting operation is underway, and Justin Sun may have participated.
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Justin Sun chased 45 million dollars to support WLFI, with a total investment of 75 million dollars

Golden Finance reported that Justin Sun, the founder of TRON, announced an additional investment of $45 million in World Liberty Financial (WLFI), bringing the total investment in the project to $75 million.
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Justin Sun once again spends 15 million USDT to buy 1 billion WLFI

BlockBeats news, on January 20, according to Onchain Lens monitoring, Justin Sun once again spent 15 million USDT to purchase 1 billion WLFI, the Trump encryption project. Prior to this, Justin Sun had invested 30 million dollars in WLFI. Currently holding 3,000,042,574 coins.
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Justin Sun invested $30 million in the Trump cryptocurrency project WLFI

BlockBeats News, on November 26th, TRON founder Justin Sun announced that he has invested $30 million in World Liberty Financial (WLFI) and become its largest investor. The United States is becoming the center of blockchain, thanks to Trump's support for Bitcoin. TRON
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TRON network has generated over 200 million USD in revenue in the past 30 days, roughly on par with August.

BlockBeats news, on September 30th, Justin Sun posted on social media that TRON network's September revenue was basically flat compared to August. According to Tronscan data, TRON network's revenue in the past 30 days reached 201.38 million USD, a decrease of only -3.85% compared to the previous month. The total revenue in the past 90 days reached 564.59 million USD, a rise compared to the previous period.
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