TRON Down 13% After Justin Sun Postpones Lunch With Warren Buffett

More than a month after the historic announcement that TRON’s founder Justin Sun had paid $4.6 million to charity to have dinner with Warren Buffett, it appears that the dinner has been postponed for an unfortunate reason. As reported by the TRON Foundation’s Twitter account, Justin Sun has fallen ill with kidney stones.

The Highly Anticipated Dinner with Warren Buffett

Warren Buffett is known as one of the most successful investors of all time, but also as a person who doesn’t support crypto. Justin Sun’s dinner invitation had fascinated the crypto world a month ago, with all eyes turned to July 25th and Quince – a Michelin 3-star San Francisco restaurant.

The crypto community was anticipating the dinner even though no specific topics of discussion had been confirmed. In an interview for Bloomberg, however, Justin Sun stated that he’d wanted to try and convince the Oracle of Omaha on the merits of Bitcoin and cryptocurrencies in general.  

Unfortunately, Justin Sun has postponed the event due to a serious medical issue, namely kidney stones.

TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones. Parties agreed to reschedule at a later date. @GLIDEsf @WarrenBuffett

— TRON Foundation (@Tronfoundation) July 22, 2019

While a new official date has yet to be confirmed, all parties have agreed to postpone the event.

Before today’s announcement, Justin Sun had managed to secure an impressive lineup. Attendees were to include Litecoin’s founder Charlie Lee, Huobi’s Chris Lee, Circle’s Jeremy Allaire, and eToro CEO Yoni Assia.

TRON and BitTorrent Prices Decrease in Response

As Bitcoin and the rest of the main cryptocurrencies continue to swing downward, Tron and BitTorrent have suffered more substantial setbacks.

Following the announcement, TRX is down 13% in the last 24 hours. At the time of this writing, the cryptocurrency is trading at $0.025 and has a market cap of around $1.66 billion. 

However, Sun-owned BitTorrent also saw a sharp decrease of roughly 10%. BTT is currently trading at about $0.0009 and has a market cap of $190 million.