World

America

Internet Computer

Liberty

Tron founder Justin Sun bought $30 million worth of Donald Trump’s World Liberty Financial (WLFI) token in the last 24 hours, making him the largest investor in the decentralized finance (DeFI) project. 
“We are thrilled to invest $30 million in World Liberty Financial as its largest investor,” Sun said in a Nov. 25 post on X. “TRON is committed to making America great again.” 
<img decoding="async" src="https://miro.medium.com/v2/resize:fit:1400/1*nSLOtgxbxxnEaLWlYmuvkQ.jpeg" alt="Donald Trump Set to Launch His Own Cryptocurrency Venture | Coinmonks"> 
<h2 id="span-style-font-weight-400-justin-sun-says-bitcoin-owes-it-to-trump-span">Justin Sun Says Bitcoin “Owes It” To Trump</h2> 
In his post, Sun said “the U.S. is becoming the blockchain hub.” The Tron founder then attributed Bitcoin’s recent rise to Trump’s US presidential election victory, noting that investors anticipate more favorable crypto policies during Trump’s term. He subsequently said that BTC “owes it” to Trump. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We are thrilled to invest $30 million in World Liberty Financial <a href="https://twitter.com/worldlibertyfi?ref_src=twsrc%5Etfw">@worldlibertyfi</a> as its largest investor. The U.S. is becoming the blockchain hub, and Bitcoin owes it to <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a>! TRON is committed to making America great again and leading innovation. Let's go! <a href="https://t.co/cISTsVYP1f">pic.twitter.com/cISTsVYP1f</a> 
 — H.E. Justin Sun 🍌 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1861121947372773545?ref_src=twsrc%5Etfw">November 25, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Prior to Sun’s post, a wallet that is tagged as an address belonging to the Sun-controlled HTX exchange by <a href="https://etherscan.io/tx/0x0560495eb3986a085e7f595302f1c35297acbe60aab9c4405664c3ccfb7601cc">Etherscan</a> purchased 2 billion WLFI at $0.015 per token. This large buy follows a period of sluggish activity around the crypto. 
Many crypto investors were likely turned off by the fact that <a href="https://insidebitcoins.com/news/donald-trumps-world-liberty-financial-token-sale-of-wlfi-falls-flat-amid-website-crashes">WLFI sales</a> have been restricted to non-US citizens and US-accredited investors. WLFI tokens are also non transferable, which means they cannot be sold.&nbsp; 
After the purchase by the HTX wallet, around $52 million worth of WLFI has been bought. This is only 17% of World Liberty Financial’s $300 million token sale goal. 
<h2 id="span-style-font-weight-400-trump-family-will-now-start-earning-from-world-liberty-financial-span">Trump Family Will Now Start Earning From World Liberty Financial</h2> 
Despite the lack of interest from investors, the Trump family will now start earning from the <a href="https://insidebitcoins.com/news/donald-trump-and-family-unveil-world-liberty-financial-defi-platform-and-wlfi-governance-token">World Liberty Financial</a> platform. The project’s “gold paper” says the incoming President’s company DT Marks DEFI LLC is entitled to 75% of the net revenues once the project makes over $30 million.&nbsp; 
World Liberty Financial co-founder Zak Folkman said in a recent interview that the purchase by Sun is part of the project’s “early success,” before adding that “several significant purchases” have been made in recent weeks. 
Folkman went on to say that he is “confident” in the project’s future as World Liberty Financial aims to promote “freer and fairer finance.” 
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3> 
<ul> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/popcat-price-plunges-20-but-trending-meme-coin-catslap-slap-surges-22-3-binance-robinhood-listings-incoming">Popcat Price Plunges 20%, But Catslap (SLAP) Surges 22.3%</a></li> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/hong-kongs-za-bank-launches-asias-first-retail-crypto-trading-services">Hong Kong’s ZA Bank Launches Asia’s First Retail Crypto Trading</a></li> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/next-cryptocurrency-to-explode-25-november-aelf-stacks-sei-internet-computer">Next Crypto to Explode, 25 November — aelf, Stacks, Sei, Internet Computer</a></li> 
</ul>

Tron Founder Justin Sun Invests $30 Million In Donald Trump-Backed World Liberty Financial, Becomes Largest WLFI Investor

Table of Contents

Inside Bitcoins

Other articles published on Nov 26, 2024

Bets.io – one of the most wonderful and safe online crypto-casinos

Toncoin Surges 27%, VeChain Eyes Bullish Break Out, and Qubetics Poised to Hit Potential $15 – To...

From Epic Games Store to Sonic Chain: The GameFi Evolution

MicroStrategy Buys More Bitcoins: A Crazy Bet Of $5.4 Billion!

What Changed in Donald Trump’s Cryptocurrency Wallet After the Last Big Bull Rally? Here is the L...

Pump.fun Suspends Live Streaming After Reports of Abusive Content

Join our free newsletter for daily crypto updates!