Justin Sun Supports 60% Fee Reduction on Tron Network
Justin Sun, founder of the Tron Network, endorsed Tron Improvement Proposal #789, which reduces network fees by 60%. The fee reduction lowers the energy unit price from 210 sun to 100 sun and is set to take effect on August 29, 2025. Key points include:
- The proposal marks the largest fee reduction in Tron’s history.
- Short-term profitability risks for TRX investors acknowledged, but long-term adoption expected to outweigh losses.
- Quarterly reviews of network fees will be conducted based on TRX price, transaction volumes, and growth metrics.
Market reactions indicate:
- TRX price dipped 4% intraday, currently at $0.33.
- Trading volume increased by 29.5%, nearing $1.2 billion.
- Short positions against TRX exceeded long positions by 302%.
- Technical indicators show signs of weakening momentum with a death cross observed on moving averages.
In light of these changes, traders are shifting towards high-risk tokens like Maxi Doge (MAXIDOGE), which has raised $1.6 million of its $1.9 million presale goal.