Tron founder Justin Sun is taunting bears to market sell their Sun (SUN) memecoins in a curious echo of previous social media posts made by the now-bankrupt FTX founder, Sam Bankman-Fried.
Sun took to X to express his frustration with all the naysayers of his newly launched Sun token.&nbsp;
The founder wrote in an Aug. 30 X post:
<figure><img alt="Justin Sun taunts SUN token bears after 240% rally — SBF déjà vu?" name="" src="https://s3.cointelegraph.com/uploads/2024-08/0191a351-f70a-706d-a2a5-f08da15f8959">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/justinsuntron/status/1829398147699016039" rel="noopener noreferrer nofollow" target="_blank" text="null">Justin Sun</a>
 </figcaption>
</figure>
SUN is the utility token of Sun Pump, the first memecoin launching platform on the Tron network, akin to Solana’s memecoin deployer Pump.fun. <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/sunpump-flips-pumpfun-daily-revenuetoken-creation" rel="noopener noreferrer nofollow" target="null" text="null">Sun Pump flipped Pump.fun</a> in daily active users and revenue on Aug. 21.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-sell-pressure-september-2024" rel="noopener noreferrer nofollow" target="null" text="null">Mt. Gox and US gov’t could introduce $15B Bitcoin selling pressure</a>
<h2 id="sun-token-up-240-in-august">Sun token up 240% in August</h2>
The SUN token saw a significant price appreciation during August despite the summer illiquidity characteristic of crypto markets.
Over the past month, SUN rose over 240% to trade at $0.036 as of 12:23 pm UTC, Aug. 30, <a data-ct-non-breakable="null" href="https://coinmarketcap.com/currencies/sun-token/" rel="noopener noreferrer nofollow" target="_blank" text="null">according</a> to CoinMarketCap data.
 
<figure><img alt="Justin Sun taunts SUN token bears after 240% rally — SBF déjà vu?" name="" src="https://s3.cointelegraph.com/uploads/2024-08/0191a352-ec16-7d18-9102-1047d37387d8">
 <figcaption style="text-align: center;">
 SUN/USD, 1-month chart. Source: CoinMarketCap
 </figcaption>
</figure>
Zooming further out, SUN is up over 580% on the yearly chart.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ether-etf-inflows-turn-positive-first-time-2-weeks-bolstered-blackrock" rel="noopener noreferrer nofollow" target="null" text="null">Ether ETF flows turn positive for first time in 2 weeks, bolstered by BlackRock</a>
<h3 id="bankman-fried-d-j-vu">Bankman-Fried Déjà vu?</h3>
Sun’s recent social media post has drawn a bizarre parallel with previous posts from Bankman-Fried, the founder and former CEO of the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ftx-execs-prison-sentencing-legal-troubles" rel="noopener noreferrer nofollow" target="null" text="null">defunct FTX exchange</a>.
Back in January 2021, Bankman-Fried posted a similar message in an X post:
<blockquote>
 “I’ll buy as much SOL as you have, right now, at $3. Sell me all you want. Then go fuck off.”
</blockquote>
 
<figure><img alt="Justin Sun taunts SUN token bears after 240% rally — SBF déjà vu?" name="" src="https://s3.cointelegraph.com/uploads/2024-08/0191a353-6272-7669-ad39-4c98c4fc21e0">
 <figcaption style="text-align: center;">
 Bankman-Fried’s SOL X post. Source: <a data-ct-non-breakable="null" href="https://opensea.io/assets/ethereum/0x495f947276749ce646f68ac8c248420045cb7b5e/24616151791148151088736112867098462643581120059630425384694144903857047601153" rel="noopener noreferrer nofollow" target="null" text="null">OpenSea</a>
 </figcaption>
</figure>
However, the price of Solana (<a data-ct-non-breakable="null" href="https://cointelegraph.com/solana-price-index" rel="noopener noreferrer nofollow" target="null" text="null">SOL</a>) has significantly appreciated since Bankman-Fried’s post, rising over 4,500% since January 2021 to trade at $139 as of 12:37 pm&nbsp;UTC, Aug. 30, <a data-ct-non-breakable="null" href="https://cointelegraph.com/solana-price-index" rel="noopener noreferrer nofollow" target="_self" text="null">according</a> to Cointelegraph data. 
<figure><img alt="Justin Sun taunts SUN token bears after 240% rally — SBF déjà vu?" name="" src="https://s3.cointelegraph.com/uploads/2024-08/0191a353-be43-751f-80c8-83e20ac47de3">
 <figcaption style="text-align: center;">
 SOL/USD, all-time chart. Source: Cointelegraph
 </figcaption>
</figure>
The SOL token remains 46% down from its all-time high of $259 recorded in November 2021.
<figure><img alt="Justin Sun taunts SUN token bears after 240% rally — SBF déjà vu?" name="" src="https://s3.cointelegraph.com/uploads/2024-08/0191a354-14a0-72d9-a180-9ce60edcbcb4">
 <figcaption style="text-align: center;">
 FTX bankruptcy estate. Top holdings. Source: CoinGecko
 </figcaption>
</figure>
Solana was the largest holding of FTX’s bankruptcy estate. FTX held over $1.16 billion worth of SOL as of Aug. 31, 2023, <a data-ct-non-breakable="null" href="https://www.coingecko.com/research/publications/ftx-crypto-holdings#:~:text=What%20are%20FTX's%20Largest%20Holdings,SOL%2C%20valued%20at%20%241%2C162.0%20million." rel="noopener noreferrer nofollow" target="_blank" text="null">according</a> to CoinGecko data. This caused previous concerns about the token’s long-term price potential.<iframe width="100%" height="315" src="https://www.youtube.com/embed/7-FTQ-fqRSQ" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
FTT, Bitcoin crash EXPLAINED: Binance acquires FTX? Source: <a data-ct-non-breakable="null" href="https://www.youtube.com/watch?v=7-FTQ-fqRSQ&amp;t=1s" rel="noopener noreferrer nofollow" target="_blank" text="null">YouTube</a>
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoiners-all-in-trump-since-bitcoin-2024-getting-risky/" rel="noopener noreferrer nofollow" target="null" text="null">Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky</a>

Justin Sun taunts SUN token bears after 240% rally — SBF déjà vu?

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