Tron (TRX) founder Justin Sun, who was influential in the rise of Huobi Token (HT) after his transition to Huobi, made important statements about the crypto industry.
Speaking to The Block, Justin Sun stated that he will continue to support meme tokens.
Explaining the procedures for listing new memcoins of Huobi and its exchange Poloniex, Justin Sun claimed that Binance has high listing standards and this offers opportunities for smaller exchanges to grow.
In this context, Sun pointed out that Binance may be the world's largest exchange by market share, but argued that Binance is not the best exchange to trade meme tokens:
“Binance has a very high standard for listing cryptocurrencies these days.
For a crypto project to be listed on Binance, it must initially be worth at least $100 million or even $1 billion.
I think these high listing criteria present a great opportunity for other exchanges to grow.”
As it is known, the founder of Tron recently announced that he will start investing in meme tokens.
Stating that the profits from these transactions will be donated entirely to charities, Sun pointed out that his disclosure of his investments is not investment advice, adding that he would not give any guarantee that these projects will be listed on any exchange, including HuobiGlobal and Poloniex.
*Not investment advice.
