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

07.09.2024 22:00 1 min. read Alexander Stefanov
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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.

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%.

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.

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.

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