Tron prices have tumbled after the cryptocurrency’s foundation announced its founder Justin Sun had postponed a much-anticipated lunch meeting with one of the richest man in the world, prominent investor and Bitcoin skeptic, Warren Buffett.
Day-on-day Tron prices were down by almost 12% at the time of writing (04:26 UTC), trimming its weekly gains to 4%. For the context, other major coins from the top 10 by market capitalization are registering up to 5% losses today.
Tron price weekly chart:
The foundation stated that “lunch and press conferences” had been put on hold after Sun had “fallen ill with kidney stones.” Tron confirmed that Buffett and Sun had “agreed to reschedule at a later date.”
TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls il… https://t.co/FmBAnZRD8T— TRON Foundation (@Tronfoundation)
The lunch meeting with Buffett had been slated for July 25, and was organized after Sun paid USD 4.6 million at a charity auction.
Sun had hoped to bring along a host of leading international figures in the cryptocurrency industry, including executives from eToro, Binance, Circle and Huobi, as well as Litecoin founder Charlie Lee.
Sun had also tweeted an invitation to American President Donald Trump after the latter criticized Facebook’s Libra project and Bitcoin in a Twitter outburst earlier this month.
Buffett is a known skeptic on all things cryptocurrency-related, but Sun had stated he believes he can change the billionaire’s stance on the matter.