Crypto entrepreneur Justin Sun has announced that he will start trading memecoins and other promising projects using his public address. He plans to donate profits from these trades to charity and bear any potential losses himself. However, Sun warns that his trades should not be taken as financial advice and that there is no guarantee that any of the projects he buys will be listed on exchanges he is affiliated with. Despite this, Sun's public address has already received multiple sh*tcoins since his announcement. Additionally, Sun's Tron and BitTorrent networks have offered a $1 million support fund for memecoin developers, incentivizing them to use their ecosystems to develop their tokens. Trading volume for memecoins has soared recently, with Coinbase reporting that trading volume for these tokens reached over $2.3 billion last week. However, investors appear to be taking profit from the space as all the top 10 assets by market cap in the sector fell by an average of 5% in the last 24 hours.

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On May 1, Binance CEO Changpeng Zhao (CZ) issued a warning to Tron founder Justin Sun regarding a deposit of 56.1 million TrueUSD to Binance. 

Binance CEO CZ has publicly warned Tron founder Justin Sun against using bots to grab Binance's LaunchPool Sui token.

April 29 (Cointime) - According to Twitter user @BitcoinEmber, Justin Sun, the founder of TRON, redeemed 43.19 million TRX from the Venus and PancakeSwap platforms, and transferred them to Binance in three separate transactions, totaling 56.19 million TRX (equivalent to $3.68 million).  

Justin Sun, the founder of TRON, redeemed 43.19 million TRX from the Venus and PancakeSwap platforms.

Ukrainian regulators have announced their intention to adopt the Markets in Crypto-Assets (MiCA) regulation, which was recently passed by the European Parliament.

Tron TRX has been delisted by Binance.US amid rumors about the arrest of its founder. What’s going on with Justin Sun?

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Court documents reveal that Justin Sun, Tron’s founder, has been sent a summons from the U.S. Securities and Exchange Commission (SEC) regarding the civil complaint filed against him last month. Youtuber Austin Mahone and rapper Soulja Boy, whose real name is DeAndre Cortez Way, have also been summoned. The SEC accuses Sun of orchestrating an unregistered sale and offer of a crypto asset security and engaging in manipulative trading schemes.