Tron founder Justin Sun has purchased 2 billion WLFI tokens from World Liberty Financial for $30 million, making him the largest investor in the project, which is closely tied to Donald Trump’s family.
We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor. The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump! TRON is committed to making America great again and leading innovation. Let's go! pic.twitter.com/cISTsVYP1f
— H.E. Justin Sun 🍌 (@justinsuntron) November 25, 2024
The platform aims to raise $300 million through the sale of 100 billion WLFI governance tokens, issued on the Ethereum blockchain.
On October 15, World Liberty Financial raised over $5 million within the first hour of its presale. By October 17, just one day after sales opened, the total exceeded $10 million. Following Sun’s investment, the platform has now raised over $50 million.
World Liberty Financial is a DeFi platform unveiled by the Trump family in September 2024.
According to the project’s gold paper, President-elect Donald Trump is named the “Chief Crypto Advocate,” while his sons Eric, Barron, and Donald Trump Jr. serve as Web3 ambassadors. Rich Teo, co-founder of Paxos, has been appointed as the head of stablecoins and payments, with Luke Pearson from Polychain Capital serving as an advisor.
Trump’s company, DT Marks DEFI LLC, will receive 22.5 billion WLFI tokens and 75% of World Liberty Financial’s net revenues, excluding operational expenses and an initial $30 million allocated for the project’s reserve fund.
Notably, Trump recently nominated financier Scott Bessent for the position of U.S. Treasury Secretary.
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