Shockwaves rippled through the markets Wednesday after a new partnership was announced between Amazon and the cryptocurrency TRON.
Word of the partnership first leaked via TRON founder Justin Sun’s Twitter account, sending the value of his coin skyrocketing.
“We’re proud to announce the partnership the cryptocurrency world has been waiting for: Amazon and TRON,” Sun wrote. “This will utterly transform world finance.”
Several hours later, Sun issued a second Tweet clarifying that TRON had in fact partnered with Amazon Enterprises, a small amusement park operator based in Guangzhou, China, rather than the online retail giant Amazon.
“I apologize if anyone misconstrued my previous Tweet,” Sun wrote. “It was simply good faith miscommunication.”
Sun also indicated a possible joint venture with AliBaba is under active consideration.
“A TRON/AliBaba partnership is a natural collaboration, given my background,” he said. “Just for the record, I’m referring to Ali Baba, the neighborhood barber who cuts my hair. He has expressed interest in installing a TRON ATM in his barbershop. But I’m open to partnering with Jack Ma as well.”
Sun, who subsequently deleted his Tweets, denied selling more than 80 million TRON tokens in the moments after his initial Amazon Tweet.
“We just partnered with the 93rd largest amusement park operator in Guangdong province,” he said. “Why would I sell now?”
Sun also indicated that talks between TRON and Amazon (the online retailer) remain ongoing.
“I just emailed Jeff Bezos yesterday,” Sun said. “And I expect a reply as soon as he checks his spam folder.”