Justin Sun, founder of Tron, has announced plans to buy $100 million worth of Trump’s meme coin ($TRUMP ) ahead of the major unlock event on July 19, which will release a large portion of tokens mainly held by Trump himself. It’s still unclear whether the funds will come from his personal holdings or Tron DAO. Sun has already been investing in Trump-linked DeFi projects and meme coins, and he even attended a private dinner with Trump after becoming one of the top $TRUMP holders.
Currently, only 20% of $TRUMP’s total supply is circulating, with the remaining 80% vesting gradually over three years. Although $TRUMP’s price remains significantly down from its highs, this announcement reinforces the possibility of deeper collaboration with the Tron ecosystem. Meanwhile, Sun continues to deny SEC fraud allegations that remain temporarily paused.
This move is accelerating narrative-based capital flows within the meme coin market. The Trump meme coin narrative has already driven strong inflows into Solana’s meme sector, with coins like TRUMP, BODEN, and MICHELLE seeing increased volume and attention.
Key points:
– Trump’s unlock event combined with Sun’s buy plan reignites investor sentiment
– Solana meme coins are gaining momentum with rising volumes and fresh liquidity
Political memes and cross-chain narratives are combining to create powerful market cycles, and $SOL ’s meme ecosystem looks set to ride this wave even further.
