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Cryptocurrency News Articles
After the popularity of Sol and Bsc dissipated, Trx took over Meme. Is there really an "agreed" between Justin Sun, CZ and He Yi?
Mar 19, 2025 at 04:59 pm
Following Solana and BSC's decline, TRX, spearheaded by Justin Sun, dominates the meme coin market via the Tron network and its new SunPump Beta platform, raising questions about Sun's relationship with Binance's CZ and He Yi.
Amid the ebbs and flows of cryptocurrencies, Sol and Bsc once led the market heat. However, over time, its heat gradually dissipated. At this time, Trx quietly took over the Meme field and became a new focus. Behind this, Justin Sun's TRON played a key role.
As the founder of Tron TRON, Justin Sun has always been influential in the cryptocurrency circle. The blockchain project Tron TRON, he created, is committed to building a global decentralized free content entertainment system. When the popularity of Sol and Bsc is no longer there, Justin Sun keenly captured the potential of the Meme field and quickly promoted Trx to make its layout in this field.
The development of the Tron TRON ecosystem provides a solid foundation for Trx to take over Meme. Its ecosystem covers many aspects, from stablecoins to decentralized finance. In the Meme field, Tron TRON has launched a series of initiatives. For example, in 2024, SUN.io, the DeFi platform on the Tron chain, announced the launch of SunPump Beta, a MEME token launch platform.
SunPump Beta is specially designed for the issuance of MEME and MEME transactions, bringing users a new experience. It prioritizes simplicity, affordability and fairness, eliminating traditional barriers in token issuance processes such as pre-sales and team distribution. This makes it easy for anyone to issue and trade MEME coins.
On the premise of fair trading, SunPump provides creators with convenient and low-cost ways to issue MEME coins, in a safe and user-friendly environment. Its operating mechanism simplifies token issuance and trading, so users can easily browse and select their favorite MEME coins. The joint curve pricing mechanism makes token purchase transparent and direct.
SunPump also implements liquidity and destruction mechanisms. When the market value of MEME coins reaches the predetermined threshold, the corresponding liquidity is automatically deposited into SunSwap V2 and then destroyed. At the same time, it launched a Gas fee reduction plan, reducing Gas fees for token releases, trading and other related activities by 99%.
Compared with Pump.Fun, which relies on SOL to actively social ecosystem, SunPump is a new platform, but it has a strong network effect and market acceptance based on the huge user base and mature ecosystem of the Tron public chain. In MEME issuance and transactions, both advocate low fees and simple operations.
During the process of Trx taking over Meme, the relationship between Justin Sun and Binance founder CZ and Binance co-founder He Yi attracted attention. Binance plays an important role in the cryptocurrency market, and Justin Sun’s interaction with Binance’s senior executives seems to have hidden the possibility of “contract”.
On the one hand, Binance founder CZ firmly distanced himself from Justin Sun. In some incidents, CZ admitted on public media platforms that Binance misappropriated assets and said that it was confusing Justin Sun that it caused a misjudgment, trying to separate the connection with Justin Sun.
On the other hand, Binance co-founder He Yi has a different attitude. In the community, He Yi said that users' voting is all about transferring money by themselves, and there is no saying that "misappropriation" of user assets. This seems to be a Binance remark, but in fact it means to stand on the sidelines of Justin Sun, and even feels like slapping Zhao Changpeng (CZ) in the face.
He Yi's explanation not only shows that Binance did not participate in the related incident, but Justin Sun is the same, and he also has a positive attitude towards the voting results. This disagreement has led the outside world to speculate whether there is a tacit understanding or "contract" between Justin Sun and He Yi.
From the perspective of business cooperation, Justin Sun and Binance are not without intersections. During the development process, Tron TRON has tried cooperation with Binance and other platforms in some fields. For example, in terms of stablecoins, trading areas, etc., the two sides have discussed and cooperated.
Justin Sun is constantly expanding his territory in the cryptocurrency field and has many investments and cooperation projects. In 2019, he strategically invested in Poloniex, a world-renowned digital currency exchange, and cooperated in the fields of TRC20-USDT stablecoin, DeFi decentralized finance, TRON trading zone, etc.
In 2022, Justin Sun became a member of Huobi’s Global Advisory Committee, further expanding his influence in the cryptocurrency field. These actions also make it delicate with industry giants such as Binance.
When Trx took over Meme and triggered a market boom, Justin Sun's series of behaviors made people curious about his relationship with CZ and He Yi. Justin Sun frequently attends various cryptocurrency industry events and shares Tron's development plans in Meme and other fields.
His speeches at the event sometimes mention the possibility of cooperation with other platforms. Although he did not clearly point to Binance, his words seemed to imply that he had communicated with Binance's top leaders. This also makes the outside world constantly speculate about whether there is an "agreed" between them.
Judging from the market reaction, after Trx took over Meme, it attracted a large number of investors' attention. The high-risk and high-return characteristics of Meme coins have made many investors eager to try. The launch of SunPump Beta provides investors with new investment channels.
As Trx's popularity in the Meme field increases, the Tron TRON ecosystem is also more prosperous. More developers and project parties join to further promote the innovation and development of Meme coins. Behind this, Justin Sun’s driving role cannot be ignored.
The complex relationship between Sun Yuchen, CZ and He Yi also affects the market trend to a certain extent. If Justin Sun and He Yizhen had an "agreed" and it might trigger more cooperation between Binance and Tron TRON in the future and change the market structure.
But if CZ firmly opposes, this potential "contract" may also face obstacles. At present, the attitudes of both sides are unclear, and the market can only continue to wait and see. In a market full of variables, any turbulence can cause huge changes.
In the process of pushing Trx to take over Meme, Justin Sun constantly emphasized the advantages of Tron TRON. The high performance and low handling fees of its public chain provide good conditions for the development of Meme coins.
The openness of the Tron TRON ecosystem has also attracted many project parties to develop Meme coins based on Trx. The emergence of these projects has enriched the Meme field ecosystem and made Trx stand out in the competition.
On the release of Meme coins, SunPump Beta's innovative mechanism attracts a large number of creators. Simple issuance process and fair pricing mechanism allow more people to participate in the creation and issuance of Meme coins.
This not only promotes the diversification of Meme coins, but also provides investors with more choices. As the Meme currency market expands, the value of Trx has also been further enhanced.
Back to the relationship between Justin Sun and CZ and He Yi, although there is currently no conclusive evidence that there is a "contract". But judging from their past interactions and current market behavior, this possibility cannot be completely ruled out.
As an industry giant, Binance's decision-making has a huge impact on the market. Justin Sun's Tron TRON's rise in emerging fields also forced Binance to pay attention to it. The two sides have both competition and cooperation.
The tacit understanding between He Yi and Justin Sun on some points may be based on a common judgment on market trends. They may see potential in the Meme field and hope to gain an advantage in the field through cooperation or some kind of tacit understanding.
But CZ's opposition also reflects that there may be different opinions within Binance. This disagreement also made the relationship between Justin Sun and Binance even more confusing.
In the cryptocurrency market, information asymmetry and uncertainty are the norm. Investors should also be wary of the risks when paying attention to the opportunities brought by Trx to Meme.
It is still unknown whether there is really an "agreed" between Justin Sun, CZ and He Yi. But what is certain is that their every move will affect the future direction of the cryptocurrency market.
Trx's development in the Meme field will continue to attract market attention. As time goes by, perhaps the truth will gradually surface and the market will usher in new changes.
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Other articles published on Mar 20, 2025
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- After the popularity of Sol and Bsc dissipated, Trx took over Meme. Is there really an "agreed" between Justin Sun, CZ and He Yi?
- Mar 19, 2025 at 05:01 pm
- Following Solana and BSC's decline, TRX, spearheaded by Justin Sun, dominates the meme coin market via the Tron network and its new SunPump Beta platform, raising questions about Sun's relationship with Binance's CZ and He Yi.
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