Fast take:
- Justin Sun is already one of the high holders of the Official Trump $TRUMP memecoin.
- At Trump’s VIP dinner in Might, Sun stated he held extra $TRUMP tokens, roughly $19 million, than anybody else.
- In January, World Liberty, the Trump family-backed crypto firm, purchased thousands and thousands price of the Tron (TRX) token.
Tron’s Justin Sun has vowed to purchase $100 million price of $TRUMP memecoins amid strengthening ties between his firm and the Trump family-backed World Liberty Monetary.
“We’re dedicated to shopping for $100M of $TRUMP! Collectively, $TRUMP and #TRON are the future of Crypto,” Sun wrote in an X post. “This transfer highlights our perception in collaborating throughout ecosystems to develop the crypto panorama with communities similar to @GetTrumpMemes.”
His assertion comes simply days after Tron DAO stated the TRUMP memecoin shall be coming to the Tron blockchain, powered by LayerZero. “Thanks to LayerZero’s interoperability infrastructure, $TRUMP will transfer seamlessly throughout #TRON, connecting to the most used blockchain for real-world worth switch,” Tron DAO wrote on X.
In January, World Liberty reportedly purchased thousands and thousands price of the Tron token (TRX). The Ties between the Trump household and Sun had been additional fortified at Trump’s VIP dinner in Might, throughout which Sun claimed to be the largest holder of the TRUMP memecoin with about $19 million price, at the time, according to CNBC.
Final November, simply weeks after Trump was elected President, Sun purchased $30 million of World Liberty Monetary tokens (WLFI).
The Trump household’s crypto empire has grown over the previous a number of months, launching a number of merchandise through World Liberty. Apart from the crypto firm’s governance token, WLFI, it additionally launched a stablecoin, USD1, which, in accordance to reviews, has since grown to outpace Circle’s USDC in phrases’ day by day transaction quantity, with over $4 billion.
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