Justin Sun offers Elon Musk $50M in DOGE to launch a satellite for Tron

Justin Sun offers Elon Musk $50M in DOGE to launch a satellite for Tron
1 year ago
2 mins read

Cryptocurrency platform Tron founder Justin Sun has offered Elon Musk $50 million worth of dogecoin to fund the launch of SpaceX satellite to the moon for Tron and BitTorrent.

Through his Twitter account, Sun called on the SpaceX founder to accept the offer because the initial transactions need to be paid from a customer order, and he would be happy to pay with dogecoin. Elon Musk is yet to respond.

Sun, who is also the CEO of BitTorrent, was responding to an earlier announcement by Musk that his rocket company will now accept dogecoin as payment for the ‘DOGE-1 to the moon’ satellite. In a tweet, Musk said DOGE would be the first crypto and first meme in space. According to Musk, the satellite’s first journey will take place in the first quarter of 2022.

Interestingly, on April 1, Musk also announced that SpaceX would put a “literal dogecoin on the literal moon.” Sun’s offer comes after dogecoin officially joined the Tron Network supporting Poloniex, JustSwap, JustLend, and Sun.io platforms. In the coming days, users on the Tron Network will be able to swap dogecoin and USDT.

Musk’s central role in DOGE price movement

Musk has been a big supporter of dogecoin, helping propel the asset’s rally by about 12,000% in the past year. Over the last week, dogecoin showed high volatility for various reasons, but Musk remained at the center of the price.

Following the asset’s listing on eToro and Gemini exchanges, the meme-inspired digital asset attained an all-time high of $0.73. The asset’s volatility further emerged following Musk’s Saturday Night Live debut as a host.

Tron founder, a significant cryptocurrency proponent, last year won a $4.7 million bid to have lunch with Berkshire Hathaway CEO Warren Buffet, a big critic of cryptocurrencies. Sun later revealed that he had advised Buffet to invest in Tesla and bitcoin.

Featured image via TRON Foundation YouTube.

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Jordan Major

Jordan is an investor and market analyst. He's passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.