Justin Sun seems to be seizing every opportunity that crosses his path, with his latest move making waves in the industry.<\/p>\n
The founder of the Tron blockchain has become the largest investor in Donald Trump\u2019s World Liberty Financial, investing $30 million in the project\u2019s token.<\/p>\n
On November 26th, Sun took to X and announced<\/a> that he had purchased $30 million worth of its token.<\/p>\n \u201cWe are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor. The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump ! TRON is committed to making America great again and leading innovation. Let\u2019s go!\u201d<\/p>\n Sun\u2019s latest investment comes days after he revealed<\/a> paying $6.2 million when he won Sotheby\u2019s auction of the infamous banana, titled \u201cComedian,\u201d created by Italian artist and cultural prankster Maurizio Cattelan.<\/p>\n Meanwhile, a World Liberty Financial spokesperson said that there have been several significant purchases in recent weeks and added that they expect more such developments to happen in the coming weeks and months. Confirming Sun\u2019s purchase, the team behind the project tweeted<\/a>,<\/p>\n \u201cWe\u2019re honored to have the support of @justinsuntron and @trondao! Together, we\u2019re driving innovation, aligning on a vision for a stronger blockchain future, and contributing to the growing ecosystem. Exciting times ahead!\u201d<\/p>\n Trump announced<\/a> the launch of World Liberty Financial in September.\u00a0The project seeks to make financial services more accessible by eliminating intermediaries. Initially aiming to raise $300 million with a $1.5 billion valuation, the company has shifted focus primarily to offshore markets.<\/p>\n A filing with US regulators states that only $30 million in tokens will be sold domestically, and the offering will end once this threshold is met, despite leaving $288.5 million of tokens for global sale.<\/p>\n World Liberty Financial\u2019s website<\/a> states that despite Trump\u2019s endorsement, neither he nor his family nor the Trump Organization has any role in managing, owning, or operating the platform or its affiliates. World Liberty Financial solely offers the WLFI tokens.<\/p>\n It also states that Trump\u2019s affiliated entity, DT Marks DEFI LLC, is set to receive around 22.5 billion tokens and 75% of net protocol revenues under a services agreement. The project emphasizes that it is non-political and not tied to any political campaign.<\/p>\n The post Tron\u2019s Justin Sun Secures Position as Biggest Investor in Donald Trump\u2019s Crypto Project<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Justin Sun seems to be seizing every opportunity that crosses his path, with his latest move making waves in the industry. The founder of the Tron blockchain has become the largest investor in Donald Trump\u2019s World Liberty Financial, investing $30 million in the project\u2019s token. Justin Sun\u2019s Bold $30M Bet On November 26th, Sun took […]<\/p>\n","protected":false},"author":0,"featured_media":23744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23743"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23743"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/23744"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u00a0World Liberty Financial<\/h2>\n