The post Justin Sun invests $30m in Trump project World Liberty Financial appeared on BitcoinEthereumNews.com.

Justin Sun has invested $30 million in World Liberty Financial, a decentralized finance project backed by Donald Trump. The Tron (TRX) founder Justin Sun announced his investment on Nov. 25, becoming the largest backer of World Liberty Financial. . The DeFi project, which launched its WLFI token sale in October, confirmed Sun’s contribution. In a post on X, Sun expressed his enthusiasm for the project: “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 Donald Trump! TRON is committed to making America great again and leading innovation. Let’s go!” WLFI gained a lot of attention in the lead up to its launch, with Donald Trump’s standing elevating it further within the new project’s ecosystem. The DeFi project however saw a slow pace in the overall investment by eligible projects, with the 20,000 milestone reached more than a month since its debut. The platform announced the 20,000 WLFI token holders milestone on Nov. 18, two weeks after Trump won in the 2024 U.S. election to spark a crypto rally. Bitcoin (BTC) pushed to near $100k, and despite a pullback, remains largely bullish. World Liberty Financial also confirmed Sun’s investment via X, with the team noting: “Together, we’re driving innovation, aligning on a vision for a stronger blockchain future, and contributing to the growing ecosystem.” World Liberty Financial unveiled sales for its WLFI token in September, with this open to non-U.S. investors and qualified U.S. investors. Sun’s purchase of WLFI takes the project’s sales well past the $30 million threshold that will see a Trump company receive part of the sale proceeds. Source: https://crypto.news/justin-sun-invests-30m-in-trump-project-world-liberty-financial/

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Filed under: News - @ November 25, 2024 10:16 pm