Justin Sun’s $4.6 million lunch with Warren Buffett is off (for now)

A meeting of crypto minds with one of the world’s foremost business investors in Warren Buffett is not to be—at least not yet.

- Advertisement -

The Tron Foundation, the nonprofit behind the Tron blockchain network, announced today that its frontman Justin Sun has been forced to call off his lunch date with Buffett—a meeting for which Sun famously paid $4.6 million at a charity auction—due to illness.

Sun, according to the Tron Foundation’s statement on Twitter, has fallen ill “with kidney stones” and the parties have “agreed to reschedule at a later date.” The “Power Lunch” would have taken place on Thursday, July 25, in San Francisco.

The news comes as a surprise to crypto observers, as Sun had only recently finalized his power team of Crypto Avengers set to join him on his date with Buffett—a group handpicked to help convert one of the business world’s most notorious crypto haters. Just yesterday, Sun announced that eToro CEO Yoni Assia would join a group that already included Circle’s Jeremy Allaire, Huobi’s Chris Lee, and Litecoin creator Charlie Lee.

And Tron token hodlers are evidently not taking the news well. The price of Tron’s TRX token dropped 8 percent in just minutes following the news of Sun’s postponement, according to economist and trader Alex Kruger.

“Only in crypto,” tweeted Kruger.

- Advertisement -



Source

Previous Articles:

- Advertisement -

Latest

Bitcoin Surges Past $100,000, Eyes Record High Near $109,000

Bitcoin surged above $100,000, marking its highest point since early February. Price movement follows the announcement of a U.S.-U.K. trade deal and optimism about future...

US-UK Trade Deal Sets New Terms While Maintaining Base Tariffs

The US-UK trade deal maintains 10% base tariffs but eliminates 25% steel and aluminum tariffs, creating a free trade zone for these metals.British car...

Steak ‘n Shake to Accept Bitcoin at All US Locations Starting May 16

Steak ‘n Shake will start accepting Bitcoin as payment at all U.S. locations beginning May 16. The move marks one of the first...

Illinois Senate Advances Bill to Regulate Crypto Kiosks Statewide

Illinois lawmakers are advancing a bill to regulate operators of virtual currency kiosks. The proposed law would put these kiosks under the authority of the...

Bitcoin Tops $104,000 as Bullish Index, Trade Deal Boost Sentiment

Bitcoin surpassed $104,000, marking its highest price since January and reflecting strong bullish sentiment.Recent rallies were fueled by an optimistic Bitcoin sentiment index, a...

Must Read

What Is the Dencun Upgrade for Ethereum?

The Dencun Upgrade for Ethereum is poised to revolutionize the blockchain landscape, offering improved scalability, efficiency, and groundbreaking features. Set to launch at the...