- World Liberty Financial Struggled Before Sun’s Investment, Raising Only $21 Million Of Its $300 Million Goal.
- WLFI Tokens Restricted To Non-US And Accredited US Investors, Contributing To Limited Liquidity And Slower Sales.
Justin Sun, founder of Tron, has invested $30 million in World Liberty Financial (WLFI) , a DeFi platform endorsed by Donald Trump. This investment aims to rejuvenate the platform, which has struggled to meet its funding target of $300 million, having raised only $21 million prior to this investment.
We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor. The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump ! TRON is committed to making America great again and leading innovation. Let's go! pic.twitter.com/cISTsVYP1f
— H.E. Justin Sun 🍌 (@justinsuntron) November 25, 2024
Sun expressed his commitment to blockchain innovation in the U.S. on X, aligning his investment with Trump’s influence on America’s blockchain environment.
His investment surpasses the critical $30 million threshold, enabling profits for a company owned by Donald Trump, as stipulated in the platform’s financial setup.
“The US is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump! TRON is committed to making America great again and leading innovation,” Justin Sun
World Liberty Financial is steered by a combination of Trump’s associates , cryptocurrency figures, and financial experts. The platform’s connection to the Trump family is marketed as a key feature, enhancing its identity within the blockchain sector.
We're honored to have the support of @justinsuntron and @trondao ! Together, we're driving innovation, aligning on a vision for a stronger blockchain future, and contributing to the growing ecosystem. Exciting times ahead! 🦅🇺🇸 https://t.co/gtXwoJOAnL
— WLFI (@worldlibertyfi) November 25, 2024
In a broader context, Sun remains an influential figure in both the cryptocurrency and art markets. His recent acquisitions include a viral artwork for $6.2 million, which indirectly impacted the value of related cryptocurrency tokens.
Sun’s continued engagement in high-profile transactions underscores his role as an investor across various sectors.
TRON (TRX) is currently trading at $0.1971 USD, with a daily decline of 5.53%. Despite this pullback, TRX has shown consistent growth, with a monthly increase of 20.59% and a six-month rise of 76.02%. Year-to-date, TRX is up by 81.87%, demonstrating its resilience and continued adoption.
Source: Coinmarketcap
TRON’s market capitalization stands at $16.93 billion USD, supported by a 24-hour trading volume of $1.20 billion USD, reflecting strong liquidity and market activity.
TRX’s all-time high was $0.3506 USD, suggesting room for recovery. Its circulating supply is 86.34 billion TRX, with no set maximum supply.
