Tron (TRX) falls 9 percent following Justin Sun’s banking fiasco
Justin Sun, might be losing access to his Bank of America account.
Tron is having a rough day. The cryptocurrency has dropped in price today by nearly 9 percent and is currently trading for just over $0.0173 per TRX, according to data from Messari.
Tron’s sudden drop coincides with a general market crash, as the leading cryptocurrency by market cap, Bitcoin, today fell by roughly 5 percent within just a few hours.
But in terms of TRX, specifically, it also likely doesn’t help that news emerged earlier today that Tron founder Justin Sun is among several blockchain industry leaders that could soon be losing access to their bank accounts. Despite an eight-year relationship with Bank of America, Sun took to Twitter to explain that he had received a letter from the institution saying it would be closing his account.