Justin Sun, the founder of Tron, has deepened his involvement with the Trump-backed World Liberty Financial (WLF) project, adding another $15 million to his previous investments.
This brings Sun’s total contribution to $90 million, showcasing his strong belief in the initiative and the potential of a more crypto-friendly environment under President-elect Donald Trump.
Sun’s growing financial support highlights his confidence in WLF as a pivotal project for the blockchain sector. His latest investment follows an earlier $45 million infusion, building on TRON DAO’s initial $30 million stake, reflecting a long-term commitment to the venture.
The WLFI token, WLF’s native digital asset, has gained significant traction among investors. Nearly 21 billion of the 25 billion tokens allocated for sale have been purchased, leaving a limited supply available. Much of this demand is driven by Trump’s public backing of the project and the 60% equity stake held by Trump’s family and their affiliated entity, DT Marks DEFI LLC. This connection has instilled confidence in the project’s long-term viability.
As Donald Trump’s inauguration nears, discussions about World Liberty Financial and its potential impact on the crypto space are intensifying. WLFI is viewed as a project poised for widespread adoption, thanks to its functionality and the prominent figures supporting it.
The team behind Pi Network has responded to recent remarks from Bybit CEO Ben Zhou, who dismissed the project’s legitimacy and ruled out a future listing on the exchange.
Binance and Bitget have stepped in to help Bybit following a massive hack, transferring over 50,000 ETH to Bybit’s cold wallets.
Bybit is taking an aggressive approach to recovering funds after suffering the largest exchange hack in crypto history.
As Europe tightens regulations on stablecoins, major crypto exchanges Kraken and Crypto.com are developing their own digital assets to navigate the new legal landscape.