Justin Sun, the founder of the Tron blockchain, has become the largest investor in Donald Trump’s crypto venture, World Liberty Financial. Sun invested $30 million in the project, buying 2 billion tokens of World Liberty Financial (WLFI) at $0.015 each.
This makes Sun the project’s biggest backer, pushing the total sales to $52 million, though still short of its $300 million target. In a Nov. 25 post on X (formerly Twitter), Sun shared his excitement about the investment, stating, “TRON is committed to making America great again and leading innovation.”
The project, launched in October, has faced slow sales due to restrictions that limit token sales to non-U.S. persons and accredited U.S. investors. Additionally, the WLFI tokens are non-transferable, meaning they cannot be sold once bought.
World Liberty Financial’s “gold paper” outlines that after the project hits $30 million in sales, Donald Trump’s company, DT Marks DEFI LLC, will receive 75% of net revenues. This marks the first time the Trump family will start earning from the project.
Despite the slow start, the company’s co-founder, Zak Folkman, is confident about the future, emphasizing the growing investor interest. Trump himself is listed as the project’s “chief crypto advocate,” while his sons are “Web3 ambassadors.”
However, Justin Sun’s crypto exchange, HTX (formerly Huobi), is still facing regulatory issues in the U.S. after being sued by the SEC in 2023. Despite this, Sun remains optimistic about the future of crypto.
Also Read: Justin Sun Cashes Out $60.8M in ETH After 29% Price Surge
