With the asset’s price surging by 8% today, Justin Sun has disclosed his intention to designate 100% of SUN revenue to a token burn.
Justin Sun, the CEO of Tron, has disclosed that the SUN token revenue will be allocated entirely to token destruction. This was met with positive sentiments within the community, as holders anticipated a price rally. In recent weeks, the native token of Sun Pump has acquired momentum and is now considered an alternative to Pump Fun.
Justin Sun Allocates Token Burn for SUN’s Revenue
Justin Sun disclosed the intentions for SUN crypto revenues as the company gained momentum. In a recent post on X (formerly Twitter), the Tron executive wrote that the SUN token burn would be announced shortly. He also stated that 100% of revenues will be allocated to the burn. This is consistent with the fundamental value of the ecosystem.
“The SUN token burn will be announced shortly and will become more frequent.” The team is currently concentrating on resolving API issues related to revenue data. However, there is absolutely no doubt that the entirety of SUN’s revenue will be allocated to burning, which reflects our fundamental principle: “What happens in crypto stays in crypto.”
As the platform’s prominence increases, token burns are associated with increased prices. Given the current market sentiment, Crypto users praised the move after the announcement. In the interim, Justin Sun has maintained his optimistic perspective regarding the token offering, which is intended to acquire the assets of those who are skeptical and disseminate rumors regarding the asset.
Sun recently announced that the energy limit would be raised to increase the number of TRX staking transactions in the wake of the SunPump frenzy.
What is the future of the SUN Price?
In recent weeks, the price of SUN has experienced a surge in response to positive market sentiments and user enthusiasm. Concerning recent market activity, crypto users on social media platforms have identified anticipated token combustion as a significant factor in asset performance. Revenues exceed $4 million, and the anticipated buyback has not yet commenced.
There has been an 8% increase in the value of SUN in the last 24 hours since Justin Sun’s announcement, which is currently trading at $0.0362. This decreased weekly losses following a correction in the broader market, as Bitcoin declined below $59,000.
