Justin Sun denied rumors of "position liquidation" and said that leveraged trading strategies were rarely used

On August 5th, Justin Sun stated on social media that rumors about his position being liquidated were false. He rarely uses leverage trading strategies and believes that such trading will not have a significant impact on the industry. Instead, he prefers to participate in activities that provide greater support for the industry and entrepreneurs, such as staking, running nodes, participating in projects, helping project teams provide liquidity, and providing total value locked (TVL) services.