Justin Sun Increases Investment in World Liberty Financial to $75 Million
Justin Sun, founder of the TRON blockchain, has invested $45 million in World Liberty Financial (WLFI), a crypto project associated with US President-elect Donald Trump. This investment brings TRON DAO's total stake in WLFI to $75 million.
Investment Details
- Recent funding enhances liquidity for WLFI
- WLFI reports 36,612 token holders, indicating strong investor interest
- 5% increase in token supply announced to boost engagement
- Initial WLFI token launch faced challenges, dropping 96% at debut
- Previous $30 million investment from Sun helped stabilize sentiment around WLFI
Since November 30, WLFI has spent over $45 million on cryptocurrencies, acquiring:
- 8,105 ETH for $30 million USDC
- 103 Coinbase Wrapped BTC for $10 million USDC
- 2 million USDC each on LINK and AAVE
- 500,000 USDC in ENA and 250,000 USDC in ONDO
Future Outlook
The upcoming Trump administration is expected to enhance digital asset and Web3 adoption. A potential framework from the US Securities and Exchange Commission could foster innovation within the crypto ecosystem. The market is projected to grow, potentially exceeding gold’s market capitalization.