Justin Sun, the prominent founder of the Tron blockchain, has made a significant move in the crypto world by becoming the largest investor in World Liberty Financial (WLFI), a crypto project backed by Donald Trump’s business venture. Sun’s $30 million investment has propelled him to the top of WLFI’s investor list, as he acquired 2 billion WLFI tokens at $0.015 each.
With Sun’s purchase, the project has now generated $52 million in sales, though it is still far from its ambitious $300 million target. In a post on X (formerly Twitter) on November 25, Sun expressed his enthusiasm for the investment, praising the U.S. as a burgeoning blockchain hub and attributing Bitcoin’s success to Donald Trump’s influence.
However, Sun clarified that his decision to invest was motivated by the project’s potential in decentralized lending and governance, not by any political interests.
Launched in October, World Liberty Financial has faced challenges in its sales. The project’s token sales are restricted to non-U.S. persons and accredited U.S. investors, while the WLFI tokens themselves are non-transferable, limiting liquidity.
According to the project’s whitepaper, once sales reach $30 million, DT Marks DEFI LLC—the company associated with Donald Trump—will receive 75% of the net revenues, marking the first financial benefit to the Trump family from this venture.
Trump himself serves as the chief crypto advocate for WLFI, while his sons—Eric, Donald Jr., and Barron—have taken on roles as Web3 ambassadors. The project also boasts notable figures such as Rich Teo, co-founder of Paxos, who has overseen its stablecoin and payment initiatives, and Luke Pearson, a senior cryptographer at Polychain, who contributed to its technical development.
Despite a slow start, Zak Folkman, WLFI’s co-founder, remains optimistic about the project’s future. Investor interest continues to grow, and the team is confident that the project will eventually reach its goals.
However, Sun’s crypto exchange, HTX (formerly known as Huobi), continues to face regulatory scrutiny in the U.S. following a lawsuit filed by the SEC in 2023. Despite these challenges, Sun maintains a positive outlook on the broader crypto market.
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