- Justin Sun pledges no personal profit from TRON memecoins, covering losses and donating proceeds while waiving trading fees.
- TRON allocates $1M to memecoin developers, offering fee waivers, energy subsidies, and priority exchange listings to boost adoption.
- TRX-Solana integration aims for seamless cross-chain swaps, leveraging Solana’s speed for zero-fee stablecoin transactions.
Justin Sun confirmed that he will not personally profit from memecoin trading on TRON. He pledged to cover any losses himself and donate all proceeds. To support this initiative, TRON has waived all trading fees for memecoins over the next six months. Users can now trade memecoins on the platform without spending TRX on fees. TRON will also fully cover the energy costs for memecoin transactions, eliminating the need for users to freeze TRX for energy.
In addition to fee waivers and energy subsidies, Sun announced $1 million in funding for memecoin developers. This initiative aims to encourage the creation of new projects on TRON. Developers will also receive prioritized listings on major exchanges, including Huobi and Poloniex. These measures are expected to enhance liquidity and visibility for new memecoins.
TRX Price Movements and Market Analysis
TRX currently trades at $0.2336, reflecting a 1.74% decline. The price chart shows a descending triangle pattern, indicating a consolidation phase. The 50-day Exponential Moving Average (EMA) stands at $0.2348, aligning closely with the current price level. Trading volume has reached 13.62 million TRX, reflecting moderate market activity.
After a strong rally in late 2024, TRX experienced a pullback and has been trading sideways. A resistance level has formed at $0.2348, coinciding with the descending trendline. The support zone remains at $0.21, holding firm after multiple tests. The Relative Strength Index (RSI) is at 51.22, with a moving average of 45.24, indicating neutral momentum. The RSI recently rebounded, signaling mild strength in price action.
TRX and Solana Integration
Sun announced that TRX will soon integrate with Solana. The integration aims to establish cross-chain compatibility between TRON and Solana. By enabling direct cross-chain swaps between TRX and SOL, this measure may lower transaction costs. To enable zero-fee stablecoin transactions, TRON plans to leverage Solana’s fast infrastructure.
Sun’s statement follows controversy surrounding Solana. A recently posted advertisement addressing gender issues was deleted after backlash. The ad featured a character named “America” in therapy for “rational thinking syndrome.” Industry figures, including DoubleZero’s COO and a former Solana Foundation director, criticized the video.
