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30 Million Dollar Investment in Donald Trump's Altcoin Project: Justin Sun Announced! - Coin Bulletin
The founder of Tron, Justin Sun, became the biggest investor in the World Liberty Financial project, which is supported by US President Donald Trump, by investing 30 million dollars in the project.
Justin Sun announced that he invested $30 million in his company's crypto project named World Liberty Financial. The project has been endorsed by Donald Trump, who was re-elected as the President of the United States last week.
In a post on Sun X, he said, 'We are happy to be the biggest investor by investing 30 million dollars in World Liberty Financial. The US is becoming the center of blockchain and Bitcoin owes this to Trump.'
Tron emphasized that it is determined to make America great again and lead the way in innovation.
This investment in World Liberty Financial came after the project received less attention than expected at the launch.
In the statements regarding the project, it is stated that DT Marks DEFI LLC (a company associated with the Trump family) has the right to receive 75% of the protocol revenue and will purchase $337.5 million worth of WLFI tokens at the token sale price. This situation has caused some potential buyers to withdraw from the project.
Sun's statement, 'Bitcoin owes this to Trump,' most likely refers to the sharp increase in Bitcoin prices after Trump's re-election. Trump positioned himself as a crypto-friendly leader before the November 5th elections.
Zak Folkman, one of the co-founders of World Liberty Financial, said, "We are excited about the momentum World Liberty Financial is experiencing. This significant investment in WLF tokens underscores the success of the project in its early stages."
He said that similar significant investments have been made in recent weeks and they believe that this project will make finance more free and fair.
On the other hand, Justin Sun had appointed himself as the prime minister of Liberland, a microstate located between Croatia and Serbia, which officially adopted Bitcoin as its currency last month. Sun's role was another notable development in the crypto world.