Ethereum

DeFi

Million

Arkham

TRON

<ul class="wp-block-list">
 <li>Justin Sun’s $30M investment makes him the largest stakeholder in Trump-backed WLFI, boosting DeFi growth.</li>  
 <li>WLFI's token sale struggles are overcome with Sun’s investment, pushing it closer to its $300M target.</li>  
 <li>Trump’s family strengthens crypto presence with WLFI, while Sun aims to expand blockchain adoption globally.</li> 
</ul>  
<p>The CEO of the TRON blockchain platform, Justin Sun, has <a href="https://x.com/justinsuntron/status/1861121947372773545" rel="noopener noreferrer nofollow">invested</a> in the WLFI cryptocurrency project. Sun invested $30 million. This has made him the largest shareholder in the new firm. This move comes as WLFI, a decentralized finance (DeFi) platform, struggled with slow token sales since its launch.</p>  
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<h2 class="wp-block-heading" id="h-tron-becomes-the-largest-stakeholder-in-wlfi"><strong>TRON Becomes the Largest Stakeholder in WLFI</strong></h2>  
<p>The investment was made through a wallet linked to Sun's HTX exchange, formerly known as Huobi. Prior to the investment, WLFI had <a href="https://cryptonewsland.com/trumps-world-liberty-financial-slashes-fundraising-goal/" rel="noopener noreferrer nofollow">aimed to sell $300 million</a> worth of tokens but had only managed to sell $21 million.&nbsp;</p>  
<p>Sun’s $30 million purchase now brings the total sales to $52 million, though still far from the $300 million target. With this acquisition, Sun is now the biggest backer of WLFI, marking a key turning point for the platform.</p>  
<h2 class="wp-block-heading" id="h-a-crucial-investment-for-wlfi-s-future"><strong>A Crucial Investment for WLFI's Future</strong></h2>  
<p>WLFI, introduced in September 2024, has faced several hurdles, including slow adoption rates. The project offers decentralized lending and borrowing services, supported by its governance token, WLFI.&nbsp;</p>  
<p>The investment from Sun is seen as a boost, helping the project surpass the $30 million threshold required for DT Marks DEFI LLC, an entity affiliated with Donald Trump, to start receiving revenue from the token sales.</p>  
<p>According to WLFI’s gold paper, <a href="https://cryptonewsland.com/trumps-world-liberty-financial-and-chainlink-collaborate-to-secure-and-expand-defi-offerings/" rel="noopener noreferrer nofollow">Trump’s affiliated company</a> will receive 75% of the project’s net revenues after the $30 million mark is reached. Additionally, 337.5 million WLFI tokens are allocated to Trump’s company, further solidifying his involvement in the project.</p>  
<h2 class="wp-block-heading" id="h-trump-s-growing-crypto-influence"><strong>Trump’s Growing Crypto Influence</strong></h2>  
<p>Donald Trump, who was recently re-elected as President, has been making waves in the cryptocurrency space. Blockchain analytics firm Arkham reports that Trump holds over $5.4 million in cryptocurrencies. Ethereum is his largest holding. His son, Eric Trump, and other family members are also involved, serving as Web3 ambassadors for the project.</p>  
<p>Trump’s growing involvement in blockchain technology has raised interest in crypto among his supporters. Justin Sun, a well-known advocate for blockchain innovation, sees the U.S. as a hub for crypto development.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-challenges-and-limitations-for-wlfi"><strong>Challenges and Limitations for WLFI</strong></h2>  
<p>Despite the optimism surrounding Sun’s investment, WLFI faces significant challenges. The platform has been limited in terms of its token sale participation. Only non-U.S. investors and accredited U.S. investors are eligible to buy WLFI tokens, which restricts the market. Additionally, the tokens are non-transferable, meaning buyers cannot resell them. These factors have deterred some potential investors.</p>  
<p>However, the platform has made strides in enhancing its security by adopting the Chainlink standard for on-chain data and cross-chain interoperability. This provides a layer of security and trust for investors.</p> 
<p>The post <a href="https://cryptonewsland.com/justin-sun-becomes-largest-stakeholder-in-trump-backed-crypto-project/" rel="noopener noreferrer nofollow">Justin Sun Becomes Largest Stakeholder in Trump-Backed Crypto Project with $30 Million Investment</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Justin Sun Becomes Largest Stakeholder in Trump-Backed Crypto Project with $30 Million Investment

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