Justin Sun announced on X that, "We are committed to purchasing $100 million TRUMP [...] This move underscores our belief in collaborating across multiple ecosystems to develop the cryptocurrency landscape with communities like GetTrumpMemes."

Profits From The TRON And TRUMP Merger

Justin Sun's investment came just days after TRON announced that it would soon launch TRUMP on its blockchain to enhance the interaction and market access for this meme coin. Sun has publicly supported most cryptocurrency projects related to Trump and seems to be planning to become more involved in Trump-related businesses.

Last week, Tron processed USDT transaction volumes more than five times that of Ethereum, so there will certainly be enough capacity for a TRUMP expansion. The current circulating market capitalization of this meme coin is $1.7 billion, well within Tron’s capabilities.

The TRUMP price has increased by 3.5% in 24 hours. However, it is still just continuing the recent chaotic fluctuations following a steady downward trend. It remains unclear whether this meme coin has enough market appeal to ensure interaction and access to this rising market.

However, compared to some recent developments in Trump's broader cryptocurrency empire, his meme coin has recently not received much attention. Therefore, the partnership with Tron may eventually boost profits for TRUMP, but it is not clear at the moment. Additionally, TRON has seen a 0.9% increase in 24 hours and 2.4% over a week.

This collaboration seems like a continuation of the ongoing partnership between the two organizations.

Justin Sun's Controversy With POTUS Companies

Sun's support for Trump-backed cryptocurrency projects seems unlikely to land this cryptocurrency company in legal trouble with the U.S. According to a filing, the new, much friendlier SEC towards Trump's cryptocurrency seems more likely to settle the fraud case involving Sun.

Lawyers made this request to the SEC, Sun, and his companies in a "motion to postpone" filed in the U.S. District Court for the Southern District of New York on Wednesday. Sun and his three companies, including Tron Foundation Limited, have been accused by the SEC of selling TRX and another token called BTT "through multiple unregistered 'reward programs.'"

This filing was submitted after Sun raised his stake to $75 million in the form of tokens issued by World Liberty Financial, the cryptocurrency bank run by the Trump family. Sun, born in China, then purchased the president's meme coin. He won a competition for the largest holders and now owns at least $97 million.

By the end of February, the SEC had officially suspended its investigation into Sun's business activities. More controversially, Dominari Securities, a small investment bank based in New York with ties to Donald Trump Jr. and Eric Trump, successfully reached an agreement for Sun's Tron to be listed in the US a few months after the fraud investigation was suspended.

However, TRON has also faced other difficulties. For example, Tether, the largest stablecoin issuer in the world, USDT, has frozen over $12.3 million in digital assets on the Tron Network, continuing its crackdown on illegal activities in the cryptocurrency sector.

This has led to some friction in the relationship between Sun and the Trump family, which has not been smooth. Even after their relationship, Eric Trump still denied reports that he would be involved in the intention to go public with the Tron blockchain network in the US.