Tron founder and prominent cryptocurrency figure, Sun Yuchen, has vehemently denied recent rumors circulating about the liquidation of his positions. In a post on X, formerly known as Twitter, Yuchen clarified that his firm rarely engages in leveraged trading strategies, asserting that such practices are detrimental to the overall health of the cryptocurrency industry.
Instead, Yuchen outlined his firm’s preference for activities that foster long-term growth and support within the ecosystem. These include staking, running nodes, developing innovative projects, providing liquidity, and increasing Total Value Locked (TVL).
The statement comes amid heightened market volatility and concerns about the financial stability of various crypto entities. Yuchen’s clarification aims to reassure investors and the broader crypto community of his firm’s commitment to the industry’s sustainable development.
