Recently, Tron founder Justin Sun announced that his company has purchased $30 million worth of World Liberty Financial (WLFI) tokens, becoming the largest investor in the project. World Liberty Financial is a decentralized finance (DeFi) project supported by the Trump family.
Justin Sun posted on X platform:
We are pleased to invest $30 million in World Liberty Financial and become its largest investor. The United States is gradually becoming a center for blockchain, and Bitcoin's current success is thanks to Donald Trump.
In addition, Justin Sun emphasized that Tron will be committed to driving innovation to make America great again.
Despite the high level of discussion around World Liberty Financial due to Trump, its performance after the crowdfunding opened has not been ideal. So far, only 3.47 billion WLFI tokens have been sold, equivalent to about $52 million. Although the sales amount of WLFI tokens has significantly increased after Justin Sun's investment compared to the $14 million at the beginning of the month, it is still far below the team's initial financing target of $300 million (which has now been reduced by 90% to $30 million).
On the other hand, Justin Sun also stated that Bitcoin's price has surged significantly since Trump was re-elected president, indicating that the crypto market is full of expectations for Trump's policies. During the campaign, Trump repeatedly expressed support for cryptocurrencies, further solidifying his influence in the field.
In addition to investments in the cryptocurrency space, Justin Sun was also elected as the Prime Minister of Liberland last month. Liberland is a self-proclaimed micro-nation located between Croatia and Serbia, and it uses Bitcoin as its official currency.
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