Justin Sun, founder of TRON blockchain, revealed plans to invest $30 million in World Liberty Financial (WLFI), a decentralized finance (DeFi) platform backed by upcoming US President Donald Trump. The big announcement was made via the X handle. With this announcement, Sun’s TRON blockchain becomes the project’s largest backer.
We are pleased to invest $30 million in World Liberty Financial. @worldlibertyfi As the largest investor. The United States is becoming a blockchain hub, and Bitcoin is taking advantage of this. @realDonaldTrump! TRON is committed to making America great again and driving innovation. Let’s go! pic.twitter.com/cISTsVYP1f
— HE Justin Sun 🍌 (@justinsuntron) November 25, 2024
After Trump’s intense election campaign to attract cryptocurrency voters, his victory has now encouraged investors to freely trade their preferred cryptocurrencies.
World Liberty Financial launched in September 2024 with high ambitions, but momentum has been slow. The platform aims to provide decentralized lending and borrowing services managed through the native WLFI token.
However, there are restrictive purchasing rules that only allow accredited U.S. investors and non-U.S. buyers, and these are non-transferable. These restrictions hindered initial sales.
Despite a $300 million goal, WLFI had raised only $21 million before Sun stepped in.
On November 25, Etherscan data linked $30 million worth of WLFI tokens to a wallet linked to HTX, a Seychelles-based cryptocurrency exchange.
The strategic investment does more than stabilize World Liberty Financial by opening the door to profiting from Trump’s cryptocurrency moves. According to the WLFI “Gold Paper,” more than $30 million in proceeds will benefit the project. Sun’s injection of funds finally exceeded this threshold, creating a win-win situation for both TRON and Trump.
Justin Sun is one of the respected guest speakers at the Global Blockchain Show hosted by VAP Group. On December 12 and 13, 2024, Justin Sun will join more than 3,000 Web3 founders, 100+ speakers and 100+ investors at the two-day festival at the Grand Hyatt Exhibition Center in Dubai.
Also Read: Justin Sun, Founder of TRON Foundation Joins Cryptocurrency Elite at Global Blockchain Show Hosted by VAP Group