ChainCatcher message, according to on-chain analyst @ai_9684xtpa's monitoring, "the smart money that built a position in SUN three years ago" may be associated with Sun Yuchen or the Tron Foundation. Three years ago, transaction records show that over 20 addresses that had previously interacted with it were marked by Arkham as associated with Sun Yuchen.Following the on-chain sale of $1.18 million worth of SUN yesterday afternoon, the address has since sold off $1.68 million worth of tokens in the past four hours. From the time of the sale yesterday until now, the price of SUN has dropped by 18.4%; currently, the address still holds 6.25 million SUN, worth $1.03 million.

ChainCatcher news, according to Coindesk, a judge in New York has denied the U.S. Securities and Exchange Commission (SEC)'s request to compel a pre-trial conference or to require it to submit additional responses in the securities fraud lawsuit against the Tron Foundation and its founder Justin Sun.In a letter submitted to the court on August 12, the SEC accused the defense of attempting to secretly introduce new arguments, claiming that "the sales of TRX and BTT do not meet the 'common enterprise' standard of the Howey test."In response, Tron’s lawyers countered the SEC's letter, writing to U.S. District Judge Edgardo Ramos of the Southern District of New York, accusing the SEC of "trying to create controversy" and urging the court to deny the SEC's request for a pre-trial conference. Ultimately, the judge sided with Tron’s lawyers and dismissed the SEC's request.

ChainCatcher news, citing Protos and reports from the Southern District Court of New York, indicates that Justin Sun's legal team has postponed the upcoming fraud and market manipulation trial (the third postponement so far) and has reinstated the previously dissolved Singapore TRON Foundation.The initial lawsuit filed by the SEC last March alleged that DeAndre Cortez Way (also known as SouljaBoy), Austin Mahone, and Justin Sun may have manipulated TRON and BTT tokens. Cortez Way defaulted, Mahone reached a settlement in August 2023. Justin Sun did not respond until a week after the default judgment against Mahone, acknowledging that he would fight the SEC.