At first glance, the price of TRXUSDT has finally broken out of the 2-year consolidation and even managed to test the consolidation from above.
With any other cryptocurrency, after such a pattern, one could say with great confidence that it is safe to buy it, as the price is likely to continue to rise.
But not in the case of TRX, because yesterday the SEC filed a lawsuit against Justin Sun, the founder of TRON, accusing him of market manipulation, selling unregistered securities, and fraud.
The only question we have is: what took so long? After all, these sins of San's have been going on since at least 2017, when it was "pump season".
So if you want to buy TRX now, you better think twice about whether you need it. If you still want to buy TRX, then remember what happened to the price of Luna and FTT.
Who knows what will come to light during the trial and investigations? Well, Justin Sun can only guess) And if he did know something and he is smart, he could easily sell off his TRX for 2 years while the price was in consolidation.
There are many questions and few answers, but soon there will be more.
We have shared our thoughts, and the decision is, as always, up to you.
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