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Warren Buffett and TRON’s Justin Sun Finally Meet for Charity Lunch

The creator and CEO of a cryptocurrency/decentralised project TRON, Justin Sun, has finally managed to meet with Warren Buffett over a charity lunch. The billionaire and chairman of Berkshire Hathaway has been in constant negotiations with Sun over a possible lunch but the two executives were constantly busy, which has resulted in numerous postponements.
According to Cointelegraph, the two of them decided to meet on January 23 in Nebraska. They were attending a private country club there, but it seems that they weren’t the only ones who made it to the gathering. Some of the other guests who joined Sun and Buffett were Charlie Lee, the founder of Litecoin Foundation, Chris Lee, the CFO of Huobi, Helen Hai, the head of Binance Charity Foundation, and Yoni Assia, the CEO of eToro.
Sun was rather excited about the event, claiming that it was ‘really an honor’ to meet Warren Buffett in person. Moreover, Sun stated that he was grateful for Buffett’s vision, wisdom, and dinner. Finally, he said he would always remember pieces of advice Buffett provided him with when it comes to making a better ecosystem for Tron and doing business with partners in the world of blockchain.
Why Was This Luncheon Organised in the First Place?
Those who are not from the crypto world might be asking themselves — What is TRON coin? The coin, much like the entire system around it, is similar to bitcoin or any other cryptocurrency out there. But what matters is that its creator, Justin Sun, has managed to make a massive profit with it. That is why he decided to give an enormous sum of money to charity.
As a matter of fact, Sun has been a long-term fan of Warren Buffett, which is why he seized the opportunity to donate $4.5 million in an eBay charity auction that promised the highest bidder a lunch with Buffett. The amount Sun donated is the single biggest sum of money ever given via eBay charity in its 20+ years of existence, meaning Sun really wanted to make a statement with it.
The entire crypto community was somewhat shocked yet amazed by the idea that the CEO of TRON is going to meet one of the wealthiest people in the world. However, after the initial date was set, Sun had to postpone it due to medical reasons. He announced that the lunch would be rescheduled ‘very soon’.
Time passed and TRON founder had to make another postponement of the lunch in September. During that period, all the money Sun donated was officially transferred to GLIDE Foundation located in San Francisco that focuses on supporting the communities in need, including the oppressed and economically deprived, as well as ethnic minorities and members of the LGBTQ community.
So far, the only details we know about the lunch is that Justin Sun enjoyed it, but nothing more than that was revealed. It’s safe to assume that the crypto giants did not actually discuss anything important with Buffett and that they all just had casual lunch. One thing is certain – Justin Sun’s morale was boosted after the lunch, meaning he might focus on his TRON project even more.
When it comes to Sun’s cryptocurrency, TRX, it’s been doing rather well lately. At the moment, it is located in the 13th place in terms of total market cap, with $1.64 billion in it. The current circulating supply is 66.68 billion TRX, and a single unit of it costs approximately $0.024.
The last couple of months were somewhat steady for TRON coin, meaning no big ups or downs in price took place. But we should not forget that Sun is capable of doing a lot of eccentric stuff to shake the market, so who knows what will happen next.
Image by Nenad Maric from Pixabay
Altcoins
Cardano Price Needs to Clear Major Hurdle at $0.2785 for a Bullish Breakout

Cardano price has been on a steep downward trajectory for the past few weeks on the back of a dull market and global macroeconomic concerns. The altcoin is down by nearly 6% in the month to date and more than 3% in the past week. Additionally, ADA price has shed more than 30% in the past six months, with its year-to-date price remaining in the red. Cardano’s total market cap has shrunk by more than 1% over the last day to $8.6 billion, while the total volume of the asset traded over the same period edged 13% lower.
Fundamentals
Cardano price has recorded significant losses in recent weeks in tandem with the global cryptocurrency market. Most of the digital assets have been treading waters over the past few weeks, with the premier cryptocurrency struggling to break above the crucial level of $27,000. The global crypto market cap has increased slightly over the past 24 hours, while the total crypto market volume decreased by 25%.
The Crypto Fear & Greed Index, which is a key measure of the emotions driving the cryptocurrency market, is a fear level of 39, slightly lower than the fear level of 42 recorded last week. A fear level usually indicates a decline in risk appetite by investors which might prompt traders to sell irrationally.
Investors have been assessing what could be ahead for the economy while weighing the outlook for interest rates after…
featured
XRP Price Nudges Higher Defying Odds After NYDFS Exit

XRP price has been in the green over recent trading sessions, holding above the crucial level of $0.50 despite being dropped from the NYDF’s greenlist. The digital asset has jumped by more than 7% over the past week but remains 4.30% lower in the month to date. Even so, XRP has climbed by 52% in the year to date. The asset’s total market cap has increased to $27 billion, ranking it 5th in the crypto market, while the total volume of XRP traded over the last day rose by 8%.
Regulatory Scrutiny
Like most cryptocurrencies that have been on an upward trajectory for the past few days after a period of stagnation that culminated with a significant dip, XRP price has been in the green over the period in tandem with general market movements.
The removal of Ripple’s XRP token from the NYDFS’s green list on Monday failed to dampen the recovery of XRP. While market participants and XRP holders expected a negative impact on the asset’s price, the event turned out to be a non-issue for the altcoin as it continued its recovery. The New York Department of Financial Services (NYDFS), recently outlined updates to its digital oversight regulations.
Among the changes, the financial regulator introduced new criteria for digital asset firms licensed by the agency to list various cryptocurrencies. According to a report, the NYDFS removed more than two dozen tokens from…
Bitcoin
Bitcoin Price Climbs Above $27,000 Ahead of the FOMC Monetary Policy Meeting

Bitcoin price jumped more than 3% on Monday, hitting its highest level since August 2023 ahead of the highly anticipated FOMC meeting. At press time, the premier cryptocurrency was trading 2.70% higher at $27,244.20. The digital asset has gained nearly 5% in the month to date and 64.71% in the year to date. Bitcoin’s total market cap has climbed by 3% over the past 24 hours to $531 billion, while the total volume of the asset traded over the same period increased by almost 100%.
Fundamentals
Bitcoin price was showing signs of recovery on Monday from the losses made in the last cryptocurrency market dip. Bitcoin flipped above the important level of $27,000, while Ethereum held above important support levels. The overall cryptocurrency market was in the green with the global crypto market cap up by 2% to $1.08 trillion for the day, while the total crypto market volume increased by more than 56%.
Even so, the Crypto Fear & Greed Index, which is a major measure of the crypto market sentiment by participants, was in a fear level of 38, almost like last week’s reading. This points to a continued decline in risk appetite by investors, which could prompt them to sell further.
Despite Monday’s bullish rally, interest rate decisions due later in the week may introduce downward pressure on cryptocurrencies. The US Federal Open Market Committee (FOMC) is slated to commence its…
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