Tron founder Justin Sun spent $30 million to purchase tokens WLFI of the Trump crypto project World Liberty Financial, becoming the largest investor in this project.
$30 million purchase completed, Justin Sun completed the transaction through HTX
On 11/25, Justin Sun stated on Twitter: 'I am very pleased to invest $30 million to become the largest investor in World Liberty Financial. The United States is gradually becoming the global blockchain center, and the success of Bitcoin is attributed to Trump's influence, and TRON will work to make America great again, let's all work hard together!'
Justin Sun spent $30 million to purchase WLFI and praised Trump.
Etherscan data shows that Justin Sun's cryptocurrency exchange HTX wallet purchased '2 billion WLFI tokens' at a price of $0.015 each. This investment increased the total sales of WLFI from the original $20 million to $52 million, reaching 17% of Trump's project sales target of $300 million.
Justin Sun has bought 2 billion WLFI tokens in one go, making money for the Trump family, WLFI officially surpasses the $300,000 threshold
According to the WLFI token's Gold Paper, after reaching $30 million in WLFI token sales, Trump's company DT Marks DEFI LLC is entitled to 75% of the net revenue from WLFI tokens, meaning the Trump family can be said to be earning quite a bit now.
Trump himself serves as the 'Chief Crypto Advocate' in World Liberty Financial, and the project is managed by his eldest son Donald Trump Jr. and second son Eric Trump, while his youngest son Barron Trump and Donald Trump Jr. also serve as 'Web3 Ambassadors' in the project.
WLFI sales are below expectations, can Justin Sun's large investment turn the situation around?
Since its launch in mid-October, WLFI tokens have performed poorly, due to the reason that 'they can only be sold to individuals outside of the U.S. or certified U.S. investors.' Additionally, these tokens cannot be transferred, which means buyers cannot sell or trade them, greatly diminishing the appeal of the tokens.
Justin Sun is constantly in the spotlight, 'Banana Prime Minister is not afraid of lawsuits and collaborates with Trump'
Although Justin Sun's significant investment in WLFI has sparked public discussion, he himself and TRON are still entangled in a lawsuit with the U.S. Securities and Exchange Commission (SEC). In March of this year, the SEC accused TRON's token TRX of involving 'unregistered securities sales' and 'price manipulation,' which Justin Sun personally denied.
Furthermore, a series of special events involving Justin Sun have sparked widespread discussion, such as his recent appointment as 'Prime Minister' by the micro-nation Liberland, and on 11/21, he bought a banana artwork that was taped to the wall for $6.2 million at Sotheby's in New York, stating his plan to eat it, truly living up to the title of 'topic' itself. In summary, whether Justin Sun's collaboration with Trump is a catalyst for the crypto market or just another hype, let us all stay tuned.
In this article, Justin Sun spent $30 million to buy Trump tokens WLFI, becoming the largest investor in World Liberty Financial, first reported by Chain News ABMedia.
