Tron founder Justin Sun invests $30 million in Trump-backed crypto project
Tron founder Justin Sun invests $30 million in Trump-backed crypto project
Justin Sun, the founder of the blockchain network Tron, announced a $30 million investment in World Liberty Financial (WLFI), a cryptocurrency project supported by President-elect Donald Trump. The purchase makes Tron the largest investor in WLFI, a token project that has faced mixed reception since its launch earlier this month.
Sun, who recently became prime minister of the micronation Liberland, emphasized the strategic significance of this move. "We are thrilled to invest $30 million in World Liberty Financial as its largest investor," Sun wrote on X. "The U.S. is becoming the blockchain hub, and bitcoin owes it to Donald Trump." Sun’s remarks reflect the dramatic rise in Bitcoin’s value since Trump’s reelection, bolstered by his pro-crypto stance during the campaign.
Controversy and opportunity
WLFI’s "gold paper" has drawn scrutiny for its financial structure, which grants DT Marks DEFI LLC—linked to the Trump family—a 75% share of net protocol revenues and $337.5 million in tokens at the initial sale price. Despite these concerns, Sun’s investment signals confidence in the project’s potential. Zak Folkman, co-founder of World Liberty Financial, expressed optimism about the purchase, stating, “This sizable investment underscores the early success of this project. We’re building something that helps make finance freer and fairer.”
Sun’s investment comes amid a broader surge in blockchain innovation within the U.S., following Trump’s crypto-friendly campaign promises. With projects like WLFI and increased institutional interest, the U.S. appears poised to establish itself as a global hub for blockchain technology under the new administration.
As World Liberty Financial gains momentum, industry observers will closely monitor its progress and the role major players like Tron will play in shaping the future of decentralized finance (DeFi) in the U.S.
Previously, Justin Sun surprised everyone with an intriguing fact about his purchase of a banana for $6.2 million.
