World

Liberty

<ul class="wp-block-list">
 <li>Justin Sun invested $30M in WLFI, becoming its largest investor, boosting its sales to $52M, but still shy of the $300M target.</li>  
 <li>Sun’s backing of Trump’s WLFI signals blockchain's rising role in traditional finance, despite challenges with token sales.</li>  
 <li>WLFI's $1.5B valuation faces slow adoption, with 100,000 whitelisted but only 20,400 active token holders as of now.</li> 
</ul>  
<p>Justin Sun, the founder of the Tron blockchain, has emerged as the largest investor in Donald Trump’s crypto venture, <a href="https://cryptonewsland.com/trumps-world-liberty-financial-and-chainlink-collaborate-to-secure-and-expand-defi-offerings/" target="_blank" rel="noopener noreferrer nofollow">World Liberty Financial</a> (WLFI). Sun invested $30 million, purchasing 2 billion WLFI tokens at $0.015 each. This investment increases the total sales to $52 million, though the project still falls short of its $300 million target. Despite this, Sun’s backing propels WLFI closer to its financial goals, a significant milestone for the project.</p>  
<h2 class="wp-block-heading" id="h-sun-s-investment-boosts-wlfi-s-growth">Sun’s Investment Boosts WLFI’s Growth</h2>  
<p>Sun's investment represents more than just financial support. It highlights the growing influence of <a href="https://cryptonewsland.com/bny-mellon-reveals-holdings-in-blackrock-grayscale-bitcoin-etfs/" target="_blank" rel="noopener noreferrer nofollow">blockchain in traditional financial sectors</a>. Sun expressed his excitement <a href="https://x.com/justinsuntron/status/1861121947372773545" target="_blank" rel="noopener noreferrer nofollow">on X</a> (formerly Twitter), stating that the U.S. is becoming the blockchain hub, crediting Bitcoin’s rise to Trump’s efforts.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/justinsuntron/status/1861121947372773545
 </div>
</figure>  
<p>Additionally, Sun emphasized that his investment is purely business-driven, with no political motivation. His decision to back WLFI is motivated by the project’s potential to disrupt decentralized lending and governance.</p>  
<h2 class="wp-block-heading" id="h-challenges-and-opportunities-for-wlfi">Challenges and Opportunities for WLFI</h2>  
<p>WLFI, launched in October, has faced some challenges. Sales have been slow due to <a href="https://cryptonewsland.com/trumps-world-liberty-financial-slashes-fundraising-goal/" target="_blank" rel="noopener noreferrer nofollow">restrictions limiting token sales</a> to non-U.S. persons and accredited U.S. investors. Furthermore, the WLFI tokens are non-transferable, meaning they cannot be resold once purchased.&nbsp;</p>  
<p>Despite these limitations, the project’s roadmap includes an ambitious goal of raising $300 million at a $1.5 billion valuation. As of Monday afternoon, the sales reached $51.2 million, bringing the project closer to triggering revenue distribution to Trump’s LLC, DT Marks DEFI.</p>  
<p>The project’s gold paper <a href="https://www.cnbc.com/2024/11/25/trump-crypto-justin-sun-investment.html" target="_blank" rel="noopener noreferrer nofollow">outlines</a> that once sales reach $30 million, Trump’s company will receive 75% of net revenues. This marks a significant moment for Trump’s family, as it represents their first earnings from the venture.&nbsp;</p>  
<p>The WLFI platform has already garnered interest, with over 100,000 people on the whitelist for token purchases. However, only about 20,400 wallet addresses hold the tokens, according to blockchain data tracked by <a href="https://etherscan.io/token/0xda5e1988097297dcdc1f90d4dfe7909e847cbef6#balances" target="_blank" rel="noopener noreferrer nofollow">Etherscan</a>. This shows that while interest is high, adoption remains slow.</p> 
<p>The post <a href="https://cryptonewsland.com/trons-justin-sun-takes-the-lead-with-30m-investment-in-trumps-wlfi-project/" rel="noopener noreferrer nofollow">Tron’s Justin Sun Takes the Lead with $30M Investment in Trump’s WLFI Project</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Tron’s Justin Sun Takes the Lead with $30M Investment in Trump’s WLFI Project

Table of Contents

Crypto News Land

Other articles published on Nov 27, 2024

Traders Spot Potential in Altcoins After Bitcoin’s Stability

Cardano Whales Accumulate 130M ADA During Price Dip, Data Shows Bullish Momentum

A New Name Has Begun to Stand Out in Donald Trump’s Selection for SEC Chair: Decision Could Come ...

Economist Predicts Significant Price Surge for Dogwifhat (WIF) Memecoin

Tether Discontinues Support for EURT Stablecoin: Here’s Why

TORN Price Skyrockets as Court Overturns OFAC Sanctions

Join our free newsletter for daily crypto updates!