The cryptocurrency world is stirring again!
On the 25th, cryptocurrency founder Justin Sun announced that he would invest $30 million to purchase World Liberty tokens, to lend a "helping hand" to the project. According to the terms in World Liberty's documents, the Trump family can now receive at least $15 million.
World Liberty Financial is a decentralized financial project launched by the Trump family, aimed at creating a cryptocurrency banking platform. However, the project initially faced the dilemma of poor token sales. Data shows that its sales were 93% below the target, even failing to meet the minimum required amount for Trump to make payment.
This year, Justin Sun encountered threats of withdrawal from other participants while involved in the WBTC crypto project. However, World Liberty extended an olive branch to him, hiring him as an advisor. This gave him the opportunity to collaborate with Trump and his family, and he was awarded the title of "Web3 Ambassador."
On Wednesday, Justin Sun stated in an interview that he believes World Liberty Financial could become a "lighthouse for the U.S. blockchain industry":
"Due to the regulatory policies of the U.S. Securities and Exchange Commission, the development of the U.S. cryptocurrency industry is hindered, lacking an organization that can unite the industry's strength."
Analysis suggests that the investment appeal of World Liberty's cryptocurrency is limited. The tokens cannot share in company profits and cannot be resold, but they can donate directly to the Trump family. According to the Golden Report, the project has raised over $30 million, of which 75% goes directly into Trump's company accounts.
It is worth mentioning that Justin Sun himself is also a "celebrity figure" in the cryptocurrency world. He gained widespread attention by purchasing a banana art piece taped to a wall for $6.2 million. On the 29th, he publicly ate the banana at a media conference in Hong Kong. An audience member loudly asked: Does it taste good? Justin Sun laughed and replied: It tastes much better than other bananas, it’s really good. #NFT市场回暖