insidebitcoins.com
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.”
Justin Sun Says Bitcoin “Owes It” To Trump
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.
We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor. The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump! TRON is committed to making America great again and leading innovation. Let's go! pic.twitter.com/cISTsVYP1f
— H.E. Justin Sun 🍌 (@justinsuntron) November 25, 2024
Prior to Sun’s post, a wallet that is tagged as an address belonging to the Sun-controlled HTX exchange by Etherscan 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 WLFI sales have been restricted to non-US citizens and US-accredited investors. WLFI tokens are also non transferable, which means they cannot be sold.
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.
Trump Family Will Now Start Earning From World Liberty Financial
Despite the lack of interest from investors, the Trump family will now start earning from the World Liberty Financial 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.
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.”