Pornhub which is undoubtedly one of the leading adult entertainment platform have announced they will start to accept TRON (TRX) which is one of the token backed by Justin Sun — the Chinese entrepreneur who have also recently bought bitTorrent for hoping $118 million. Few months ago Pornhub have announced support to verge (XVG) which pumped its price followed by a quick dump. Same seem to happen to TRX as its marketcap was dumped by over 50% within few weeks period.
Pornhub have also stated that they will soon add support to Zencash (another privacy focused coin). According to pornhub, XVG and TRX both can be used to purchase premium membership, advertising and traffic. Many have started to question verge team about why they have paid 65 million XVG to get listed on pornhub before while other are just getting it for free.
Plain and simple: they wanted the XVG so they could dump it on buyers who would fomo on the news.
It worked so well they decided to play the same game again, except they won’t ask for project permission, they’ll just buy, announce and collect the money. Less fuss, and it lets them handpick the coins that are easiest manipulated this way.