The post Justin Sun Purchases $100 Million Worth of TRUMP Tokens appeared on BitcoinEthereumNews.com.

On July 9, TRON founder Justin Sun announced the purchase of $100 million worth of the meme coin TRUMP. On July 7, the DAO behind the development of TRON announced the migration of TRUMP to the network. At $8.89 when the announcement was published, the token rose by 2.7%. Official Trump TRUMP Price. Source: CoinGecko In May 2025, Justin Sun attended a gala dinner hosted by U.S. President Donald Trump for top holders of the TRUMP token. On the eve of the event, the TRON founder stated he owns nearly $19 million worth of the meme token—more than anyone else, according to CNBC. Strengthening the Bond Between TRON and TRUMP Mutual support between the two projects has developed gradually over time. In November 2024, weeks after Trump’s election, Sun announced a $30 million investment in World Liberty Financial (WLF). Following Sun’s appointment as an advisor to WLF, he increased his investment in the WLFI token to $75 million. In January 2025, World Liberty Financial added $4.7 million to TRON’s investment portfolio, according to the Arkham Report. In 2023, the SEC filed charges against Sun and three of his companies, including TRON Foundation Limited, for an unregistered offering of securities in the form of TRON (TRX) and BitTorrent (BTT) tokens. In February, Sun and the SEC filed a motion with the court to stay the litigation to seek a dismissal of the case. Since Trump’s ascension to the White House, regulators have stopped pursuing a number of cryptocurrency companies, including Coinbase, Robinhood, Ripple, Kraken, ConsenSys, Cumberland, Nova Labs, and Uniswap. In April, in a rebuttal to the agency’s lawsuit, Sun stated that the SEC lacks authority to regulate the sale of foreign digital assets to overseas investors on global platforms outside the U.S. The Commission attributed its right to legally prosecute…

---

Filed under: News - @ July 11, 2025 4:27 pm