As a seasoned analyst with over two decades of experience in the cryptocurrency market, I’ve seen many collaborations and partnerships that have shaped the digital currency landscape. The recent news about Justin Sun, the visionary behind Tron blockchain, and Australian rap sensation Iggy Azalea planning to join forces on a crypto project has piqued my interest.
Justin Sun, the innovator behind the Tron blockchain and a wealthy figure in cryptocurrency, aims to join forces with Australian hip-hop artist Iggy Azalea. Known for her connection to the Mother Iggy meme token, this coin currently ranks 594th on CoinMarketCap’s list. At present, it is being traded at approximately $0.0349
They are currently discussing their potential collaboration on the X social media platform.
Iggy Azalea and Justin Sun making crypto plans
Iggy Azalea, also known as Amethyst Amelia Kelly, is a well-known Australian rapper, songwriter, and model. Originally born in Australia, she gained fame following the release of two songs on YouTube: “Pussy” and “Two Times.” Her recognition grew significantly after her relocation from Australia to the United States
Let’s do something together!
— H.E. Justin Sun🌞孙宇晨(hiring) (@justinsuntron) September 4, 2024
Artist Iggy Azalea unveiled her own meme-based currency, titled Mother Iggy ($Mother). Earlier today, social media user @bull_bnb, who boasts a following of nearly half a million and is an investor in Mother Iggy, proposed that Iggy Azalea and Justin Sun should team up on some digital currency endeavor
The rapper asked: “What do you suggest, Justin?” Justin Sun promptly replied with: “How about we collaborate on something?”
To date, numerous American hip-hop artists have made headlines by creating their own NFT collections or transforming their albums into non-fungible tokens. It’s possible that Sun and Azalea might follow suit with a comparable initiative
Justin Sun burns $8 million in SUN tokens
In a recent tweet, Justin Sun boasted about a substantial burn of SUN tokens, collectively valued at around $8 million, which has already taken place. Another $4 million worth of SUN token burn is set to occur soon, following the initial one
The link pointing towards a SunSwap page indicates that this surgery was conducted following the purchase of a significant number of SUN tokens from the marketplace
The total burn amount is $8 million completed, with $4 million to go.
— H.E. Justin Sun🌞孙宇晨(hiring) (@justinsuntron) September 4, 2024
In simpler terms, let’s talk about Sun, named after its creator Justin Sun. Launched four years ago, it was designed to be an alternative to Bitcoin. In 2021, the token experienced a significant price drop primarily due to its high total supply of approximately 19,900,730,000, with around 9,951,640,722 SUN in circulation as of now. Later on, Sun moved his token into the DeFi sector
Currently, SUN ranks 154th on CoinMarketCap with a market value of $275,851,255.
Sun repurchasing and burning SUN tokens is likely an attempt to reduce its supply.
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2024-09-04 16:10