The post Justin Sun Considers Buying FTX Assets to Prevent a Market Dump! appeared first on Coinpedia Fintech News
TRON founder Justin Sun has announced his intentions to purchase assets from the popular cryptocurrency exchange FTX to prevent a market dump. Sun tweeted that he is “willing to buy USD 1 billion worth of $FTT [FTX’s token] and USDT to halt the dumps and stabilize the market. The announcement comes as the cryptocurrency market is experiencing a significant dip, with Bitcoin and Ethereum both seeing a drop in value. Though Sun’s offer may provide temporary stabilization, it remains to be seen whether it will have a lasting impact on the crypto market.