Hold onto your hats, folks, ’cause Tron founder Justin Sun is at it again with his bold promises! This time, he’s announced that he’ll be buying more of that Official Trump (TRUMP) memecoin than you can shake a stick at.
Now, you might be thinking, “Why on earth would anyone want to buy a memecoin named after the 45th President of the United States?” Well, apparently, the token hasn’t lacked high-profile backers, and Justin Sun is no exception. On the glorious day of July 9th, our dear friend Justin declared that he’d be purchasing a whopping $100 million worth of U.S. President Donald Trump’s memecoin through his various ventures.
“We are committed to buying $100M of $TRUMP! Together, $TRUMP and #TRON are the future of Crypto,” Sun wrote to his social media followers. 🍌🚀
Now, Justin Sun is no stranger to being the biggest holder of the Trump memecoin. He achieved this prestigious status ahead of Trump’s VIP dinner with the top holders, where he owned a cool 1.4 million Trump tokens, worth about $19 million at the time. If only he could’ve used those tokens to buy a better hairpiece for the President! 💇♂️
Sun’s ties to Trump deepen like a good cheese
As if that wasn’t enough, Justin Sun also has deep ties to other Trump crypto ventures, especially World Liberty Financial. He’s invested a staggering $75 million in WLFI, which won him an advisor role at the company. Talk about being in the inner circle! 🤝
Subsequently, WLFI made TRON one of its reserve assets, with TRON holdings amounting to $9.63 million in January. And on July 7th, Official Trump memecoin announced that it would launch its token on the Tron blockchain, giving it even more exposure. 🌐
However, this partnership hasn’t exactly been a goldmine for the token’s price performance. TRUMP is currently trading below $9, down nearly 90% from its all-time high of $75.35 in January. The current price also sits near the lowest level since its post-ATH collapse. 📉 Ouch!
Sun’s connections to Trump’s businesses have also raised eyebrows, with his $75 million investment in WLFI coinciding with the U.S. Securities and Exchange Commission’s decision to pause its investigation into his other ventures. Coincidence? We think not! 🤔
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2025-07-09 22:52