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TRON has been experiencing a slow but steady price uptick in recent memory. Even though some short and medium trends are more bearish from a price standpoint, the cryptocurrency has been hovering close to the $0.03 mark, according to CoinMarketCap.
Opinions about TRON are often sharply divided, but the project’s ecosystem continues to expand and move forward.
However, a recent Tweet from ChaChingWallet co-founder and CEO Thomas Schultz could prove to make TRON’s future very interesting, if the assertions Schultz made are actually true.
On January 29th, Schultz asserted a purported “SEC insider” told him to “stay away from TRON.” There was no further context or insight from Schultz about the comments in general other than him writing that “I’m not kidding.”
Just heard from a SEC insider
Literally, his first comment was:Stay away from Tron
I’m not kidding.
— Tom
(@ThomasSchuIz) January 29, 2019
So far, there is no information out there that backs up Schultz’s assertions other than his own Tweet. However, it’s probably safe to say his remark alone will most likely lead to some sort of minor market swings with TRON.
Schultz’s ChaChingWallet is designed to make “everything crypto in one app.” The project’s website touts a wallet manager to help users manage Binance and Coinbase wallets in one location, along with a portfolio tracker and the ability to transact cryptocurrency peer-to-peer.
According to the website, a beta version of the application is coming soon. Aside from his work with ChaChingWallet, Schultz, who currently has about 18,500 Twitter followers, uses the social media platform to occasionally send out other crypto-related comments.
While some took this tweet to be true, others are skeptical of the information. One thing is for sure, this will be sure to bring out a clan of TRX investors to downplay the tweet.
lol, exactly, this is almost the definition of FUD
— Rhett Crypto (@HeyRhett) January 29, 2019
They have an office in the United States (San Francisco) & have US citizens holding a coin that could arguably be a security
Not to say that these are the reasons, but I’m merely reporting what I was told & the source was credible
— Tom
Tron is running a viscous marketing campaign to get tons of people to buy their cryptocurrency
The influence is on their behalf & thus holds them liable
Justin Sun has absolutely zero chill with reporting on where Tron sits on CMC
This isn’t the sign of a fruitful project
— Tom
1. Tron has an office in the United States (SF)2. They have a coin that’s arguably a security as Tron hosted an ICO3. They have United States citizens that own TRX4. No answer – the gentlemen said what he could. If I had more context I’d provide
— Tom
He said “Tom” I know because he told me the same thing. So, Bye
— Dr Craig S Wrong
(@ProfFathead) January 30, 2019
Crazy shit, the conversation was just supposed to be about crypto in general, but when that was the first thing said I was like damn. . .
— Tom
Not sure if it’s security related or not – one can only speculate as to why
The person didn’t elaborate as the information given was already “too much”
But yes, by all means make your own investment decisions
I just posted this bc if something happens I don’t want to regret
— Tom
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