Justin Sun's TRON DAO Reserve has bought the dip by accumulating in total over $60 million worth of TRX and BTC.
Justin Sun’s TRON DAO Reserve has bought the dip by accumulating in total over $60 million worth of TRX and BTC.
Amid the market meltdown, the team behind the TRON DAO Reserve announced two acquisitions for the project’s stablecoin. Additionally, they welcomed Ankr as the fourth member of the Reserve. The past five days have been nothing short of turbulent in the cryptocurrency space, with bitcoin losing nearly $10,000 and the altcoins following suit., TRON has decided to strengthen the backing of its own, which operates in a similar manner.earlier today the purchase of 500 BTC with an average price of $31,031 for over $15.5 million, as well as buying nearly 600,000,000 TRX for $45,641,630. Overall, the organization spent over $60 million on the pair.
It argued that the move comes in an attempt to “safeguard the overall blockchain industry and crypto market.” Separately, Justin Sun’s brainchild said it had welcomed Ankr as the fourth member and whitelisted institution.
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