Tron (TRX) Announces New Altcoin Purchase, Support Comes from Founder Justin Sun!

Tron ($TRX) and its founder Justin Sun, who have made headlines with their statements and actions, have announced a new acquisition.

In an official statement from the Tron X account, it was announced that an additional 175,507 $TRX tokens were purchased at an average price of $0.28.

“Tron purchased 175,507 $TRX tokens at an average price of $0.28, bringing its total $TRX treasury holdings to over 679.9 million $TRX.”

The company aims to further grow Tron DAT assets to increase long-term shareholder value.

Tron founder Justin Sun stated that he also supports Tron’s plan to purchase additional $TRX. In a post from his X account, referring to the purchases, he wrote, “Keep going.”

$TRX, which peaked at $0.45 in 2024, is currently trading at $0.28 according to CoinMarketCap data. Having fallen by 2% in the last 24 hours, $TRX’s decline has reached 5% in the past week.

*This is not investment advice.