Justin Sun Invests $30 Million in Trump-Backed World Liberty Financial (WLFI)
Tron founder Justin Sun invested $30 million in World Liberty Financial (WLFI). Decentralized Finance A platform supported by Donald Trump.
Despite Trump’s support, the platform struggled to attract investors, selling far fewer WLFI tokens than initially expected. However, Sun’s investment may give the project a boost.
Trump’s World Free Finance (WLFI) In Desperate Need of a Boost?
Launched in September 2024, World Liberty Financial provides decentralized lending services. The platform’s governance is driven by the WLFI token. The tokens are sold only to non-U.S. investors and accredited U.S. investors.
However, the non-transferable nature and limited access of the tokens resulted in slow sales. Before Sun’s investment, the project had raised only $21 million. this is far Missed $300 million target.
this create Founder Confirmed The transaction took place earlier today (November 25). Blockchain data from Etherscan shows that Sun purchased $30 million worth of WLFI tokens wallet Related to HTX (formerly Huobi).
“America is becoming a blockchain hub and Bitcoin owes it to @realDonaldTrump! TRON is committed to making America great again and leading innovation.” Justin Sun wrote on X (formerly Twitter).
WLFI “Gold Paper” highlighted that a portion of the proceeds from the token sale will go to a company owned by Donald Trump.
However, the arrangement will only turn a profit for Trump’s company after sales exceed $30 million – a milestone reached after Sun’s investment.
World Liberty Financial is led by Trump associates, cryptocurrency entrepreneurs and financial experts. The platform is also endorsed by Donald Trump and his three sons, further tying its identity to the Trump brand.
We’re honored to have the support of @justinsuntron and @trondao! Together we drive innovation, realize a stronger vision for the future of blockchain, and contribute to the growing ecosystem. Exciting times are ahead”, WLFI wrote on X (formerly Twitter).
Meanwhile, Sun’s involvement in World Free Finance marks another unconventional move in his portfolio. Last week, he Bought this viral art piece for $6.2 million comedian—A banana taped to the wall.
The acquisition triggered a chain reaction cryptocurrency marketpushing up prices Banana Gun Token 16%. However, the token has no connection to the artwork.
Earlier this year, Sun also transferred his EIGEN tokens from Feature layer Liquid recollateralization protocol for HTX exchange. His bold investments continue to draw attention from the art and cryptocurrency worlds.
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