Catenaa, Thursday, November 28, 2024-Tron founder Justin Sun announced his company has acquired $30 million worth of World Liberty Financial tokens, the cryptocurrency project backed by President-elect Donald Trump. The investment makes Tron the largest stakeholder in the project, Sun revealed on Monday.
“We are thrilled to invest $30 million in World Liberty Financial as its largest investor,” Sun posted on X, formerly Twitter.
“Tron is committed to making America great again and leading innovation.”
World Liberty Financial launched earlier this month amid Trump’s successful bid for reelection but faced slow initial traction. Questions surrounding the project’s financial structure linger, with Trump-affiliated DT Marks DEFI LLC entitled to 75% of net protocol revenues and over $337 million in tokens, according to official disclosures.
Sun’s endorsement comes as the crypto market rebounds following Trump’s election, with Bitcoin surging amid optimism about a pro-crypto administration. Trump had framed himself as blockchain-friendly during his campaign, further fueling market confidence.
Zak Folkman, co-founder of World Liberty Financial, praised Sun’s investment, citing the move as evidence of the project’s growing momentum.
Sun, recently elected prime minister of Liberland, a micronation in Eastern Europe that adopted Bitcoin as its official currency, continues to assert his influence across the global blockchain space.
The World Liberty Financial project reflects the deepening intersection of politics and cryptocurrency, as both Trump’s administration and Sun’s enterprises position themselves as pivotal players in the rapidly evolving digital finance ecosystem.
