JUSTIN SUN OF TRON ANNOUNCES $100 MILLION INVESTMENT IN TRUMP COIN
Justin Sun, founder of the TRON blockchain, has announced a $100 million investment in the TRUMP token, the official meme coin associated with President Donald Trump. This move has generated a surge in the token's price, which recorded a 7% increase after the announcement.
Sun, known for his flashy publicity stunts, had already spent over $20 million on the $TRUMP token, becoming one of its largest holders. The Chinese entrepreneur has shown consistent interest in Trump's crypto ecosystem, having previously invested $30 million in Trump's World Liberty Financial project.
Sun's investment represents a significant bet on the intersection of politics and cryptocurrencies. On X, Sun referred to TRUMP as "the future of cryptocurrencies" alongside the TRON blockchain, highlighting how this move reflects his confidence in the growing adoption of cryptocurrencies under the Trump administration.
This investment further solidifies Sun's position as one of the leading supporters of the crypto ecosystem linked to Trump.
