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Benzinga

Business

Adrian Zmudzinski

Buying Bitcoin Dip: Tron Founder Justin Sun Follows El Salvador's Nayib Bukele To Load Up 500 BTC

Nayib Bukele Justin Sun El Salvador Crypto

El Salvador's president Nayib Bukele decided to buy the Bitcoin (CRYPTO: BTC) dip and acquire 500 BTC, setting an example that was followed by another prominent industry figure.

What Happened: In a Tuesday tweet, Tron (CRYPTO: TRX) founder Justin Sun wrote that the Tron decentralized autonomous organization (DAO) reserve "echoed" El Salvador's president's decision and acquired 500 BTC at an average price of $31,031 for a total of $15.5 million. The Tron DAO Reserve explained that the measure aims "to safeguard the overall blockchain industry and crypto market."

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