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“Justin’s knowledge and experience will be instrumental,” the team says.
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Sun announced the investment of $30 million in Trump’s DeFi platform.
Justin Sun, founder of Tron, bought influence in the cryptocurrency project launched by US President-elect Donald Trump. The investor and businessman was announced as the new advisor to World Liberty Financial (WLF).
According to WLF, Sun will play an important role in the project given his knowledge and experience. In X, they highlighted the career of the businessman, who is a graduate of the University of Pennsylvania and founded one of the top 10 cryptocurrencies in the world and one of the largest public networks.
The incorporation of Sun into World Liberty Financial comes after the businessman announced a investment of 30 million dollars in that projectbecoming its largest investor to date. According to on-chain data, Sun purchased 2 billion WLFI tokens, for the aforementioned amount.
“The United States is becoming the center of blockchain technology and Bitcoin, and we owe it to Donald Trump. “Tron is committed to Making America Great Again and leading innovation,” Sun stated.
World Liberty Financial was launched in September 2024, under the direction of Donald Trump Jr. and Eric Trump, the sons of the president-elect, as reported by NoticiasVE.
So far, the WLF platform is in the distribution phase of the WLFI token. As indicated, a total distribution of 10 million tokens is scheduled, or the equivalent of 5% of the entire supply, in rounds that They distribute on average about 1,200 WLFI to interested users.
The project has captured the attention of the cryptocurrency community, especially due to Trump’s promise to implement friendly regulation towards the sector, something that has generated both expectation and skepticism.
After hearing the news about Sun and his new position in Trump’s project, Trump’s cryptocurrency experienced a rebound of 5.6%going from $0.19 to $0.20 at the close of this report.