Justin Sun, the founder of TRON, has invested $30 million in Donald Trump’s cryptocurrency project, World Liberty Financial (WLFI), making him the largest investor in the initiative. Sun’s investment led to the purchase of 2 billion WLFI tokens at a price of $0.015 each. WLFI aims to secure the future of the US dollar in the digital world while avoiding centralized control of central bank digital currencies (CBDCs).
The initiative generated $220 million in turnover within the first hour of its launch, with 3.48 billion WLFI tokens sold at the time of writing, leaving 16.525 billion tokens remaining. Prior to Sun’s investment, the project had only managed to sell $20 million worth of WLFI tokens, falling short of its initial $300 million goal.
As a result of Sun’s investment, DT Marks DEFI LLC, a company associated with Donald Trump, will receive 75% of the net income once the initiative reaches the $30 million mark. The project has also announced plans to launch its own stablecoin, pegged to the US dollar, which is expected to be created by the project’s development team.
World Liberty Financial is currently working to bring the product to market.
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