TRON creator and crypto billionaire Justin Sun posted a statement on X indicating that his cryptocurrency exchange, Poloniex, is now “the world’s only exchange used solely by the boss himself.”
The remark appeared to suggest that a significant portion of the trading volume on Poloniex is attributed to Sun himself. Generating nearly $1 billion in volume on an exchange typically requires trading with oneself, a practice known as wash trading.
While wash trading is considered illegal in most jurisdictions due to its potential to manipulate asset prices, it is rarely prosecuted unless verifiably proven. The U.S. Securities and Exchange Commission previously alleged that Sun engaged in the wash trading of TRX in a case that was subsequently dropped.
Alongside his social media posts regarding trading activity, Sun addressed separate rumors that circulated on social media in Mainland China over the weekend. A fabricated screenshot falsely claimed that United Arab Emirates media reported Sun had been shot in Dubai.
Sun dispelled the rumors on Sunday by publishing a post on X stating, “All is well,” accompanied by an emoji. The billionaire has recently traveled between Chicago, where he promoted the listing of TRON ETFs, and Singapore for an upcoming conference.
