In our new 2-minute review for the 99Bitcoins YouTube channel, we speak about Justin Solar, the brains behind the Tron (TRX) and BitTorrent blockchains and is a reasonably rattling controversial determine. Solar additionally has a extremely watched crypto portfolio rivaling Vitalik Buterin and Elon Musk.
On this 99Bitcoins episode, we’ll discover Justin Solar’s holdings and who the Joker of crypto is in two minutes.
Who’s Jack Ma’s Protege Justin Solar?
Justin Solar, chosen by Alibaba’s Jack Ma, was amongst 30 college students recruited to drive change within the Chinese language company sector.
In his thesis, “The Beginning of a Decentralized Web,” Justin Solar explored blockchain’s potential earlier than graduating from Hupan College in 2018.
Earlier than graduating, Justin Solar based the Tron blockchain in 2017, a rival to Ethereum.
Main replace on the Tron community—keep tuned!
— H.E. Justin Solar
(hiring) (@justinsuntron) November 12, 2024
Right now, Tron is the main platform for transferring the stablecoin Tether (USDT) globally.
Moreover their accomplishments, Justin Solar has a listing of controversies, together with wash buying and selling schemes. In accordance with a polarizing article from the Verge, Solar directed his Beijing workforce to govern the Tron worth utilizing insider info, shopping for earlier than bulletins, and promoting for a revenue.
The article additionally alleges Solar was obsessive about avoiding taxes, spreading his wealth throughout a number of financial institution accounts worldwide to keep away from anti-money laundering legal guidelines.
Lastly, the Verge argues Solar grew to become Grenada’s ambassador to the WTO, probably to achieve diplomatic immunity, and used this position to advertise Tron and even have interaction with Russia throughout its invasion of Ukraine.
Solar sued the Verge, however many within the crypto group debate who’s in the precise and flawed right here.
READ MORE: The 12 Next 100x Cryptocurrency in 2024
So What Does Solar HODL In His Portfolio?
Now that we’ve handled the various controversies, Justin Solar’s crypto holdings whole $1.03 billion, and at their peak, they had been value $7 billion. His portfolio contains $276 million in the stablecoin USD, $238 million in Tron, and $117 million within the peer-to-peer file-sharing cryptocurrency BitTorrent (BTT).
Moreover, Solar holds $98 million in Bitcoin, $11.56 million in meme cash Shiba Inu and $5.63 million in Floki, $9.22 million in Ethereum, and has an NFT portfolio valued at $8 million.
We wrote an article last month about Solar receiving an $8.75 million airdrop of EigenLayer, a DeFi venture, and instantly dumped all of it, profiting $22 million.
Anyway, that’s all we’ve got for Justin Solar—he’s a shady character however one with large affect on the cryptocurrency markets.
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