Justin Sun Invests $30M in Trump’s Liberty Finance

 
Rajpalsinh Parmar
Written By 
Rajpalsinh Parmar
November 25, 2024
Justin Sun

The founder of TRON blockchain, Justin Sun, shared a big announcement from his X handle, revealing his plan to invest $30 million in World Liberty Financial (WLFI), the decentralized finance (DeFi) platform sponsored by an U.S. President Donald Trump. The announcement makes Sun’s TRON blockchain the project’s largest backer.

After Trump’s intense election campaign to woo crypto voters, his victory has now encouraged investors to trade their favorite cryptocurrencies freely.

World Liberty Financial launched in September 2024 with high ambitions but faced slow momentum. The platform has set out to deliver decentralized borrowing and lending services, regulated by its native WLFI token.

Nonetheless, there is a limited purchase rule in place, with only accredited U.S. investors and non-U.S. buyers, and such restrictions stunted initial sales.

Despite a $300 million target, WLFI has raised just $21 million before Sun’s intervention.

On November 25, Etherscan data linked $30 million worth of WLFI tokens to a Wallet associated with HTX, which is a Seychelles-based cryptocurrency exchange.

The strategic investment does more than stablize World Liberty Financial as it opens a door for profit steam from Trump’s crypto move. According to the WLFI “gold paper”, proceeds beyond $30 million benefit the project. Sun’s injection of funds finally sures this threshold, creating a win-win situation for both TRON and Trump.

Justin Sun is one of its esteemed guest speakers for the Global Blockchain Show hosted by VAP Group. On December 12 and 13, 2024, Justin Sun will over 3,000 Web3 Founders, more than 100 speakers, and over 100 investors for a two-day festival at the Grand Hyatt Exhibition Centre in Dubai.

Also Read: H.E. Justin Sun, the founder of TRON Foundation, s crypto’s elite at the Global Blockchain Show hosted by VAP Group

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Rajpalsinh Parmar
Written by Rajpalsinh Parmar

Rajpalsinh is a crypto journalist with over three years of experience and is currently working with CryptoNewsZ. Throughout his journey, he has honed skills like content optimization and has developed expertise in blockchain platforms, crypto trading bots, and hackathon news and events. He has also written for TheCryptoTimes, where his ability to simplify complex crypto topics makes his articles accessible to a wide audience. ionate about the ever-evolving crypto space, he stays updated on industry trends to provide well-researched insights. Outside of work, gaming serves as his stress buster, helping him stay focused and refreshed for his next big story. He is always eager to explore new blockchain innovations and their potential impact on the global financial ecosystem.