Warren Buffett’s Crypto Gift from Justin Sun Surges 1,000% in Value by 2024

In 2020. Justin Sun, the founder of the Tron blockchain, made headlines by gifting 1,930,830 TRX tokens to famous American investor Warren Buffett.

At the time, the value of the gift was around $31,086. By 2024 and the value of those same TRX tokens had jumped by 1,000%, reaching an impressive $289,000.

.@WarrenBuffett has held TRX for 1,688 days and gained over 1000%, with a daily return of 0.6%. His story shows that the only way to win in crypto is to hold. (btw, if he had staked TRX, his return would have been 1300%🤫) His address: https://t.co/n7gg5TfLxU

— H.E. Justin Sun🌞(hiring) (@justinsuntron) September 6, 2024

Later, Sun revealed that Buffett held these TRX tokens for 1,688 days, during which time their value increased by over 1,000%, yielding an average daily return of 0.6%.

READ MORE:

Top Asset Manager Withdraws Application for Spot Ethereum ETF

Sun also noted that had Buffett staked his TRX holdings, the returns could have been even greater, with a potential gain of 1,300% – far exceeding the performance of the rest of his portfolio.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.