Sun Yuchen pledges $100 million to support Trump coins, claiming to co-create the future of cryptocurrency.
TRON founder Sun Yuchen announced on Wednesday on platform X that he intends to purchase $100 million worth of Trump meme coins ($TRUMP).
Source: X TRON founder Sun Yuchen commits to purchasing $100 million worth of Trump coins.
He stated: "We commit to purchasing $100 million worth of Trump coins. TRUMP and TRON joining forces is the future of cryptocurrency." Sun Yuchen emphasized that this action demonstrates the belief in cross-ecosystem collaboration, aiming to promote cryptocurrency development together with communities like GetTrumpMemes.
Sun Yuchen calls Trump coins the currency of the MAGA movement and hopes to integrate Trump coins with the TRON network to provide practical uses and technical support. He believes Trump coins on TRON will become the official currency of the MAGA movement, implying a potential connection between political branding and token usage. This $100 million commitment shows that Sun Yuchen is seriously betting on a long-term strategy of integrating politicized cryptocurrencies.
Trump coins surged, with trading volume skyrocketing by 100% to reach $322 million.
Stimulated by Sun Yuchen's $100 million commitment, the price of Trump coins surged. According to CoinGecko data, the trading price of Trump coins before publication was $9.47, rising 8.3% in 24 hours. Notably, the token's trading volume doubled in 24 hours, reaching $630 million.
Source: CoinGecko The trading price of Trump coins was $9.47 before publication, rising 8.3% in 24 hours.
From the price trend chart, it can be seen that following Sun Yuchen's announcement, Trump coins experienced a sharp rise later that day, breaking the previous stable trend. This price volatility indicates that market momentum surrounding the Trump concept is accumulating.
The relationship between Sun and Trump is becoming increasingly close, with political investment exceeding $200 million.
Sun Yuchen's cryptocurrency relationship network with Trump is gradually expanding. Since Trump's election in November last year, Sun Yuchen has actively invested in related projects. He first purchased $30 million in World Liberty Financial ($WLFI) tokens, then was appointed as an advisor and increased his investment to $75 million. In return, World Liberty Financial purchased millions of dollars in TRON native tokens $TRX.
Further Reading
Trump's crypto platform WLFI has completed its sale! 590 million tokens sold out, is Sun Yuchen the key contributor?
According to a report by CNBC, Sun Yuchen previously held nearly $19 million worth of Trump coins and attended a VIP dinner hosted by Trump for holders. His total investment in Trump-related projects has exceeded $215 million: $75 million in $WLFI, about $40 million in Trump tokens, plus the latest commitment of $100 million.
Sun Yuchen's strategy of actively aligning himself with Trump-related projects may be related to his attempts to resolve legal issues he faces in the U.S. The SEC previously charged him with allegedly selling tokens through unregistered schemes, but the SEC under the Trump administration appears more inclined to resolve related cases, and this political investment strategy may provide him with unexpected legal advantages.
This article is generated by Crypto Agent, summarizing information from various sources, and reviewed by (Crypto City). It is still in the training stage and may contain logical errors or information inaccuracies. The content is for reference only and should not be taken as investment advice.
‘Is Brother Sun trying to win over Trump again? Investing $100 million in Trump coins, preparing to layout in the U.S. political sphere?’ This article was first published on ‘Crypto City’
