TRON’s Justin Sun too got on the wETH jokes that are currently circulating around social media. Tagging Vitalik Buterin, the crypto billionaire tweeted he and the Ethereum founder would pour $2 billion into the foundation to save it from insolvency.
As a humble member of the crypto industry, I personally have discussed with my BFF@VitalikButerin and together we will invest $2 billion into WEF to recover all the funds. Stay SAFU! Stay strong!
The other day, crypto Twitter was rife with jokes on wrapped Ethereum losing its peg and becoming insolvent. Several big names like those belonging to the Ethereum community started adding more fuel to the fire.
One Ethereum bull and host of the Daily Gwei, Anthony Sassano even claimed that wETH was about to experience a “total collapse.” Later, he admitted that the initial post was “shitpost/ meme” after reading the replies.
An individual using the Twitter handle @0xCygaar first began the “inside joke”. The user asserted that wETH is about to become insolvent in a tweet from November 26 that received more than 1,000 likes before indicating that the warning was ironic.
But that did not stop the joke from spreading like a wildfire. Vitalik Buterin too chimed in saying how WETH and WEF sounded so similar. When a Twitter user asked him if we were buying $WEF coin, Buterin said “isn’t that just Ethereum.”
Soon the wETH insolvency rumors began to show their effect in the form of a massive selloff. Crypto Twitter made a concerted effort to emphasize that WETH will never become insolvent and that it will always be interchangeable 1:1 with ETH.
On the price front, Wrapped Ethereum remained intact and the token is currently hovering at $1170, down by 4% over the past 24 hours.
Meanwhile, TRON founder Justin Sun’s backed Poloniex exchange and his other firm Huobi exchange are in talks to merge, TronWeekly reported.
TRON Boss Would Tease Upcoming Collaborations
The latest collaboration might be a part of an expansion drive carefully orchestrated by the TRON founder. Just recently, Sun hogged the limelight with a tweet about a possible collaboration with the BNB chain.
“I fully support the BNBCHAIN ecosystem and BUSD. Actually, we will have a big partnership announcement soon.”
Previously, Sun notified the community of the arrival of a new BEP-20 TRX token on the BNB Blockchain which has reportedly gotten delayed owing to technical upgrades.
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