The post Justin Sun Invests $30M in Trump-Backed Crypto Project appeared on BitcoinEthereumNews.com.

The cryptocurrency landscape is undergoing notable shifts, with Ethereum reclaiming its dominance in USDT supply and Tron founder Justin Sun making a high-profile investment in a Trump-linked crypto project. Ethereum’s resurgence as the leading blockchain for stablecoins is indicative of its growing institutional adoption and DeFi leadership, while Sun’s $30 million investment in World Liberty Financial suggests a convergence of blockchain, politics, and innovation.  Justin Sun Invests $30M in World Liberty Financial Amid Trump’s Crypto Surge Justin Sun, founder of the Tron blockchain, announced his firm’s acquisition of $30 million worth of World Liberty Financial (WLFI) tokens. This strategic investment aligns with the resurgence of crypto markets following Donald Trump’s re-election as US president earlier this month. “We are thrilled to invest $30 million in World Liberty Financial as its largest investor,” Sun wrote on X. “The U.S. is becoming the blockchain hub, and bitcoin owes it to Donald Trump. Tron is committed to making America great again and leading innovation.” World Liberty Financial is a decentralized finance (DeFi) project closely tied to the Trump brand, with its stated mission to make financial systems “freer and fairer.” Despite its high-profile backers, the project faced a muted launch, with concerns about its tokenomics casting a shadow over its initial reception.  According to its “gold paper,” DT Marks DEFI LLC—a Trump family-linked entity—stands to receive 75% of the net protocol revenues and a tranche of WLFI tokens valued at $337.5 million at the token sale price. This significant allocation has raised questions about the project’s decentralization and investor appeal. Sun’s statement that “bitcoin owes it to Trump” references the remarkable rally in BTC prices following Trump’s re-election. In the weeks leading up to the election, Trump adopted a crypto-friendly stance, declaring his intent to support blockchain innovation and cryptocurrency adoption as part…

---

Filed under: News - @ November 26, 2024 1:29 pm