Justin Sun, the CEO of the TRON Foundation, sent both TRON (TRX) and BitTorrent (BTT) into early Sunday morning rallies after teasing a possible future announcement on Twitter, a classic market-moving technique occasionally used by Sun.
— Justin Sun (@justinsuntron) May 26, 2019
In the tweet, Sun claims that “something huge and amazing” is happening with both TRON and BitTorrent, and that he plans to share more information after June 1.
It is currently unclear what the announcement could be, but he did provide a cryptic “70% chance to win and nail it,” which may suggest the TRON Foundation is bidding for something.
What is clear is that Sun is hoping to boost the price of his two cryptocurrencies. In a previous tweet, Sun predicted that TRON will make its way back to the top-10 in June while BitTorrent will be a top-30 cryptocurrency in Q2 2019.
So far, his predictions are doing well, with TRON currently sitting at 11 and BitTorrent at 31.
TRX is currently up 12.2% on the day to $0.031819, giving the altcoin a $2.12 billion market cap. BTT has faired even better and is now up 26.7% on the day.
More: Justin Sun’s Tweet
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.