TRON Down 13% After Justin Sun Postpones Lunch With Warren Buffett
More than a month after the historic announcement that TRON’s founder Justin Sun has paid $4.6 million to charity for dinner with Warren Buffett, it appears that unexpected and unfortunate decease has struck Sun and the dinner is postponed. As reported in TRON Foundation Twitter account, Justin Sun has fallen ill with kidney stones.
The Highly Anticipated Dinner with Warren Buffett
Warren Buffett is known as one of the most successful investors of all time but also as a person who doesn’t support crypto. Justin Sun’s dinner invitation had struck the crypto world a month ago with all eyes turned to July 25th and Quince – a Michelin 3-star San Francisco restaurant.
The community was anticipating the dinner even though no specific topics of discussion were confirmed. In an interview for Bloomberg, however, Justin Sun stated that he wanted to try and convince the Oracle of Omaha on the merit of Bitcoin and cryptocurrencies, in general.
Unfortunately, Justin Sun has postponed the event because of serious medical issues, namely kidney stones.
TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones. Parties agreed to reschedule at a later date. @GLIDEsf @WarrenBuffett
— TRON Foundation (@Tronfoundation) July 22, 2019
While a new official date is yet to be confirmed, all parties have agreed to postpone the event.
Before today’s announcement, there was an impressive lineup that Justin Sun managed to get. Attendants include Litecoin’s founder Charlie Lee, Huobi’s Chris Lee, Circle’s Jeremy Allaire and the latest invitation went to eToro’s CEO Yoni Assia.
TRON and BitTorrent Decrease In Response
As Bitcoin and the rest of the main cryptocurrencies are still swinging downwards, Tron and BitTorrent suffered more substantial setbacks.
Following the announcement of postponing, TRX is down 13% in the last 24 hours. At the time of this writing, the cryptocurrency is trading at $0.025 and it’s sitting on a market cap of around $1.66 billion.
However, Sun-owned BitTorrent also saw a sharp decrease of roughly around 10%. BTT is currently trading at about $0.0009 and has a market cap of $190 million.
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