Justin Sun, founder of the Tron blockchain, has made headlines once again by becoming the largest investor in Donald Trump’s World Liberty Financial (WLFI).
On November 26, Sun announced his $30 million investment in the project’s token, marking another significant move in his eclectic portfolio of ventures.
Justin Sun Invests $30M in WLF
On the social media platform X (formerly Twitter), Sun shared his enthusiasm for the investment:
We are thrilled to invest $30 million in World Liberty Financial 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
This investment follows Sun’s recent high-profile purchase at a Sotheby’s auction, where he paid $6.2 million for “Comedian,” an artwork by Italian artist Maurizio Cattelan, known for its satirical edge.
World Liberty Financial’s team confirmed Sun’s involvement and expressed optimism about the collaboration. In a tweet, the project stated:
We’re honored to have the support of Justin Sun 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!
Related: Big Plans for Tokenization in the UK: Government Announces Regulatory Plans
Justin Sun Seizing the Mment
As CryptoMode reported, Sun recently cashed out 19,000 ETH worth $60.83 million at the time. This was amid a broader market rally that kicked off shortly after Donald Trump won the US presidential elections.
On-chain data from Spotonchain showed that the funds were transferred to the HTX platform from Sun’s holdings, which included 392,474 ETH purchased between February 8 and August 5 for an average of $3,027 per ETH, amounting to $1.19 billion across three wallets.
TRON is currently the third largest chain in total value locked (TVL), currently at $7.4B, DefiLlama data shows.
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