Tron’s Justin Sun Plans Major Trump Memecoin Purchase
Tron founder Justin Sun has announced plans to buy $100 million worth of the Official Trump (TRUMP) memecoin. Despite trading near yearly lows, the token has attracted notable supporters. On July 9, Sun declared his intention to invest through various ventures.
Sun believes in the future of TRUMP and TRON together in the crypto world. He shared this commitment on social media, stating, “We are committed to buying $100M of TRUMP! Together, TRUMP and TRON are the future of Crypto.” This move underscores his faith in cross-ecosystem collaboration to expand the crypto landscape.
Currently, Sun is the largest holder of the Trump memecoin. he owns 1.4 million tokens, valued at about $12.6 million. This investment comes ahead of a VIP dinner with top holders. He sees TRUMP on TRON as the currency of MAGA. His involvement with Trump’s crypto ventures goes beyond memecoins. he has invested $75 million in World Liberty Financial (WLFI), earning him an advisor role. WLFI made TRON a reserve asset.
Despite these efforts, TRUMP’s price remains below $9, down nearly 90% from its peak. Sun’s ties to Trump’s crypto ventures have raised questions. His $75 million WLFI investment coincided with the U.S. SEC pausing its investigation into his other projects.
Key points include:
- Sun’s $100 million TRUMP memecoin purchase plan
- His advisor role at WLFI after a $75 million investment
- TRON becoming a WLFI reserve asset
- TRUMP memecoin’s launch on the Tron blockchain
For more details, visit Tron’s official website.
