Justin Sun Becomes Adviser to Donald Trump's Crypto Venture After $30M Investment
The TRON founder's investment makes him the largest stakeholder in World Liberty Financial, boosting the project's token sales significantly.
- Justin Sun, founder of the TRON blockchain, invested $30 million in Donald Trump's cryptocurrency project, World Liberty Financial (WLFI), becoming its largest token holder.
- The investment tripled the project's previous fundraising total, which had been struggling to meet its revised $30 million target after lackluster initial sales.
- Following the investment, Sun was named an adviser to World Liberty Financial, with the project citing his experience in decentralized finance as a key asset.
- World Liberty Financial aims to bridge traditional finance with Web3 technologies, leveraging the Trump brand to attract new users to decentralized finance platforms.
- Sun's involvement marks his latest high-profile move in the cryptocurrency world, following his purchase of a $6.2 million banana artwork and past controversies, including a 2023 SEC lawsuit alleging market manipulation.