Tron (TRX) founder Justin Sun recently revealed in a public exchange that he has not reduced his holdings in Litentry (LIT), expressing optimism about the long-term prospects of the project. According to publicly available on-chain data, Sun purchased 13.25 million LIT tokens earlier this year for approximately $33 million, representing 1.33% of the total supply and 5.32% of the circulating supply.
Sun mentioned that he has recently completed a rebalancing of his personal wallet and plans to continue increasing his LIT holdings in the near future. This statement has drawn market attention, especially considering that LIT has recently experienced a slight price correction, dropping about 6.6% within 24 hours to a current price of $1.20.
It is worth noting that Litentry founder Vladimir Novakovski referred to Justin Sun as a “committed long-term holder” (HODLer) in a recent interview, indirectly confirming that Sun's confidence in the project is not merely short-term speculation. Although LIT has not yet entered the mainstream cryptocurrency asset rankings, its underlying technology logic as a cross-chain identity protocol is attracting attention from some institutions and seasoned investors.
Currently, Sun's holding behavior is seen as an indirect endorsement of the decentralized identity (DID) sector, reflecting the forward-looking judgment of some leading project teams regarding potential projects in niche areas while diversifying their ecosystems.