Tron Drama: Crypto Influencer Crash Triggers Tron BULL Skyrocket

Maybe you have heard about the Tron Bull, the official mascot of the blockchain. Drama ensued this weekend as a famous influencer pumped the token he owns the majority of the supply of even though different versions of the token already existed, sending the community into shambles and damaging Crash’s reputation.

The Background Story Behind the Tron Bull Drama

um…. we might have found the #1 meme on Tron I think$BULL https://t.co/ekv0fX0jJ6 pic.twitter.com/OmuLeafggl

— Crash (@CrashiusClay69) August 25, 2024

To give some insight behind all the drama, let us just recap the full story from start to finish. Launching Tron bull tokens on the Tron blockchain has long been very popular, and there are tonnes of versions of it.

Before Crash launched his version of the Tron bull, there was a token already widely accepted as the one with over 4,000 holders and over $4 million in market cap.

So Crash/team and friends created their version on Sun Pump, and while it never caught attention, they already held the majority of tokens and used them over two days to accumulate as much of the supply as humanly possible.

The token had a combined volume of less than $600.000 in over two days on-chain, meaning no one was interested because there was already a version accepted and traded.

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Fake Rug Warning? Crash Creates a YouTube Video Calling All Other Versions of the Token a Scam

MY FINAL MESSAGE TO @CrashiusClay69

Young bro I had huge respect for you but today you lost it all

The OG $Tbull kept raiding you day and night. The community is constantly working hard and achieved a lot in the last week since launch.

And you knew this was a great… pic.twitter.com/WOqEfpDrKD

— Boolato (@Boolatobull) August 25, 2024

In a turn of events, out of nowhere, crash tweets out and sends a message in his telegram group, the YouTube video he created on Tron Bull.

In the video, he claims that all Tron Bull tokens other than the one he owned were scams. They would rug you, and everyone who owned them, and the team and influencers were malicious.

Gullible as people are because this one influencer called one token that went from $0 to over $1 billion market cap(he also owned a large part of supply and had 90+% sniped by the team).

They threw all they owned into the new one straight out of the bat. Sending it from $5 million market cap to $300 million market cap in hours.

Now, here’s the thing – the token only had less than $20 million volume in total, going from $0 to $300 million market cap.

Imagine buying this scam.

Don’t support this scam @justinsuntron

Anyone with a few braincells knows 200m mcap with only 248 holders is a scam.

Can’t get more obvious than this. pic.twitter.com/4hjjuKJk9n

— Kaduna (@CryptoKaduna) August 25, 2024

But how is that possible? There were no sellers on Tron Bull possible because the only tokens hitting the market were those controlled by Crash and friends.

On the day, there was $10.4 million buy volume and $10.0 million sell volume, meaning it took $400.000 in buys to send this illiquid token up over 60x. Safe to say, it’s not recommended to follow these malicious actors!

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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