Crypto mogul Justin Sun invests US$30 million in Trump tokens after banana artwork deal
Sun’s moves come amid booming cryptocurrency prices fuelled by excitement around the re-election of former US president Donald Trump
Chinese cryptocurrency personality Justin Sun, founder of the blockchain Tron, said he invested US$30 million in US president-elect Donald Trump’s cryptocurrency project, as the controversial entrepreneur returns to making high-profile moves amid bitcoin’s historic climb.
Sun earlier this week bought US$30 million worth of WLFI, the crypto token of Trump’s World Liberty Financial project, becoming the token’s largest holder, according to data on blockchain analytics platforms.
“The US is becoming the blockchain hub, and bitcoin owes it to @realDonaldTrump!” Sun said on Tuesday in a post on X, formerly Twitter. “TRON is committed to making America great again and leading innovation.”
The founder has become an adviser to World Liberty Financial following the investment, the project said on X.
“Justin’s insights and experience will be instrumental as we continue to innovate and grow,” World Liberty Financial said in an X post, and welcomed Sun to its team.
